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Executives' Comments  Press Conferences Chairman Yonekura's comments at his Press Conference

February 27, 2012

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

Japanese Economy

Since the anxiety for the European sovereign debt crisis decreased, the historic high yen has been weakening. It is expected that resurgence of exports of Japanese companies and a favorable effects on evaluation of overseas assets are expected with fiscal year-end at hand. At the same time, continued and careful observation on high price of crude oil is needed.

Bank of Japan's Monetary Policy

Reducing demand-supply gap is indispensable to overcome the prolonged deflation. We appreciate the BOJ's decision of further monetary relaxation to support business activities.

AIJ Asset Fraud

Something that should never happen happened. Client pension funds had no option but to choose an investment management company which invests "high-risk, high-return" products. In any case, it is always important to assess investment risks in choosing investment management companies.

Executives' Comments