The Bush administration's good management of the economy will not let the elections result lead to drastic change of the basic economic policy. The US-Japan relations will not be greatly influenced by the end of the Republican control of the Congress.
Competitions on corporate tax cut for enhancing economic power have been intense among Asian and European countries. The Japanese government should make a commitment by the end of this year to lower the corporate tax rate down to around 30% immediately.
Triangular mergers are expected to contribute to enhancement of corporate reorganization in Japan. Basically Keidanren is for it, but discussions on the new merger formula should be sufficiently made and necessary policy measures should be definitely taken before the implementation. The importance of the rights of shareholders is one of the key points that have led Keidanren to propose the introduction of tighter requirement in stockholders meetings voting.