Chairman Okuda's Press Conference

February 21, 2005

Following is the gist of remarks made by Mr. Hiroshi Okuda, Chairman, Nippon Keidanren, at a press conference on February 21, 2005. Translation is rush and tentative, and sequence of the gist does not necessarily coincide with words delivered.

(On the カジノシークレット キャッシュバック率 Japan's economy)

Japan's カジノシークレット キャッシュバック率 economy is under stalemate at this moment. Though there are various risk factors including foreign exchange, crude oil prices, カジノシークレット キャッシュバック率 the economy of the U. S. and China would not deteriorate, it should start to improve later in 2005 even.

(On Livedoor's attempt at buying Nippカジノシークレット キャッシュバック率roadcasting System, Inc.)

Mr. Horie, Livedoor President, needs to clearly explain the purpose of buying Nippカジノシークレット キャッシュバック率roadcasting System shares. Meanwhile, there will be more and a variety cases of M&A attempts in Japan. Company management must be conscious of its share prices and transactions so that actions could be taken whenever necessary. Japanese companies should also consider using "poison pill" that many U. S. companies utilize in their defense against money-gamer buyouts.

(カジノシークレット キャッシュバック率irth of financial conglomerates in Japan)

Financial conglomerates and their effects must be carefully studied as possibilities. It must be remembered, however, that mergers would not lead towards improving international competitiveness. After all, everyday management efforts are most important.


Homカジノシークレット キャッシュバック率age in English