Following is カジノシークレット 入金ist of remarks made by Mr. Hiroshi Okuda, Chairman of Nippon Keidanren, at a press conference following monthly Chairman and Vice Chairmen's meeting on 10 June 2002. Translation is rush and tentative, and sequence of カジノシークレット 入金ist does not necessarily coincide with words delivered.
(カジノシークレット 入金n the state of Japanese economy)
Quarterly GDP growth estimate announced last Friday showed considerable recovery. However, I must emphasize that facilities investment, machine orders, and housing starts are very low and unemployment figures remain high. At the same time, economic recovery in the U. S. may not be as quick and sustained as we have once expected. All these factors may bring doubts towards the figures in the second and third quarters.
(Asked about new tax reform proposal)
The key component is to reduce effective rate of corporate tax and to say no to カジノシークレット 入金uot;pro forma standard taxation,カジノシークレット 入金uot; hopefully by the next fiscal year. The rate I am seeking in corporate tax is 35%, equivalent to the level in Europe. Regarding カジノシークレット 入金uot;pro forma standard taxation,カジノシークレット 入金uot; I think the government needs to study further on other taxes, which takes the form of カジノシークレット 入金uot;pro forma standards,カジノシークレット 入金uot; such as properties tax. In any case, the current tax scheme is a patchwork of corrections made on the post-war taxation principles -- any changes to it would aggravate distortions, and Nippon Keidanren's proposals to start discussion from taxation principles sounds clearer. In future, the government will have to raise the consumption tax from 5% now to 10% or 15% sometime between now and 2010.
(カジノシークレット 入金n Finance Minister Shiokawa's comment to limit government spending)
Amongst policies カジノシークレット 入金overnment could promote, such as deregulation and tax system reform, the biggest agenda is to cut カジノシークレット 入金overnment spending in areas such as public investment and social security. I know that there are varying opinion on how far the cut must be made -- some say 3%, others say 10% over the fiscal 2002 figures.
(カジノシークレット 入金n ratification of Kyoto Protocol and Japanese energy policies)
The Protocol was ratified and there is nothing we can do about it. For Japan to keep its promise, it is absolutely necessary to promote nuclear energy further, along with all other new energy resources. It is also very important for the Japanese government to find ways to invite the U. S., Canada, Australia, and other countries opted out to be back in カジノシークレット 入金lobal framework. I also realize that Nippon Keidanren will study so-called Environment Tax scheme even though the necessity of the tax is still in doubts.
(Asked of his opinion over the カジノシークレット 入金uot;World Cup feverカジノシークレット 入金uot;)
It is nice to see that Japan united under its flag for the win. If this fever means exiting from economic stagnation, it will be most appreciated.