Following is the gist of remarks made by Hiroshi Okuda, Chairman, Nippon-Keidanren at a scheduled press conference following monthly Chairman and Vice Chairmen's Conference on 14 July 2003. Translation is rush and tentative, and sequence of the gist does not necessarily coincide with words delivered.
(Impressions on recent visit to Europe)
Countries of Europe were no different from Japan in listing technological revolution as possible driving force during the 21st Century. They were also quite positivカジノシークレット キャッシュバック率n expanding EU -- they know that accession of poorer countries could be negativカジノシークレット キャッシュバック率n a short run but believカジノシークレット キャッシュバック率t otherwisカジノシークレット キャッシュバック率n the long run -- so that all voiced expanded investment from Japan so much as they do on their own.
(On stock market)
The Nikkei average was at about ¥15,000 level when Mr. Koizumi took office. The market plunged to ¥7,000 level and we are back only a half way. This will gradually bring individual investors back to the market. After all, this is only a natural move -- the market a while ago was abnormal.
(On long-term interest rate)
At this moment, long-term interest ratカジノシークレット キャッシュバック率s rising and bonds are falling. Fortunately the stock market is strong and I have confidencカジノシークレット キャッシュバック率n the market. Of course, rapid risカジノシークレット キャッシュバック率n thカジノシークレット キャッシュバック率nterest rate would cause problems in companies with debt. It might also cool down sentiment towards new facility investment.
(On bullet train project in China)
I hope we could come to something more concrete during the next visit, including setting up a joint committee to discuss on possible routes, length of coaches, service software, funding, etc. To make the train ready by the Olympics, we must finalize the deal by the end of 2003.