Chairman Mitarai's comment at his press conference

March 10, 2008

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.

( Next governor and deputy governors of BOJ )

The government has selected the best candidates. The global finance and capital market has been unstable. BOJ needs to work closely with other national banks to take swift actions when necessary. The absent of BOJ governor, even in a moment, is fantasy. Japan would lose the global community's trust completely. The candidates are anticipated to take office without delay.

( Labor-management negotiations )

It is important to increase individual income after paying tax to secure expanding consumption. Companies with a high productivity and ability to pay should share the profit with their employees. At the same time, the government should take every possible measure as well.


Home Page in English