Chairman Mitarai's comment at his press conference

December 10, 2007

Following is the gist of remarks made by Chairman Mitarai at his Press Conference. Translation is rush and tentative, and sequence of the gist does not necessarily coincide with words delivered.

( Road related taxes for wider purposes )

Improvement of public finance is the top priority of the Japanese society. In the current difficult situation, it is important to tackle this tax issue having taxpayers' through understanding. This is what Keidanren has insisted.
It is reported that the government and ruling parties have agreed to maintain the tentative tax rates and in due course turn the related taxes into the ones used for general purposes. The point is that what they can do is bound by taxpayers' consent.
Roads desperately needed for better and safer life of people as well as stronger economy must be build even with a limited source of revenue.

( Reform of independent administrative organization )

The situation is tough. Cabinet ministers are required to make a big decision and promote the reform in consideration of national interest rather than benefit of a specific ministry of the government. It will ensure continued growth of the Japanese economy. The reform is on going. Retreat is no option.

( Public health insurance system )

Debate on health care system rebuilding together with tax system reform must come first. Fairness in public health insurance system management gives no legitimacy to the idea that financial burden should be shifted among several existing insurance plans.

( Labor-management negotiations )

Keidanren's basic stance on the next spring labor-management negotiations is due to be published by vice chairman Kusakari this month.
Each company should decide how much he pays through negotiations with his own trade union. It is only natural that companies should consider their capabilities in the process. Some employees can be rewarded with bonuses and others with raise in pay base. It depends.


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