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Business community points to difficulty of making up for Amari’s departure

  • 2016-01-29 15:00:00
  • , Yomiuri
  • Translation

(Yomiuri: January 29, 2016 – p. 11)


 The repercussions of Economy and Fiscal Policy Minister Akira Amari’s resignation are rippling through the business community.


 “If the economy slides into chaos following Amari’s resignation, personal spending may lose steam,” said a person at a leading automaker.


 Akio Mimura, chairman of the Japan Chamber of Commerce and Industry, urged the government to minimize the impact [on the economy]. “(His resignation) dealt a blow, but it is unlikely that the Japanese economy will head south,” he told reporters in the evening of Jan. 28.


 Regarding Nobuteru Ishihara, whom Prime Minister Abe has picked as Amari’s successor, a senior executive with Keidanren [Japan Business Federation], noted: “He is known as a new breed of policymaker and understands what the business community advocates. He is cut out for carrying through with the Abenomic stimulus.”


 On the other hand, there are concerns that it is difficult to make up for Amari’s departure.


 “Amari’s resignation is having a significant impact,” said Yasuhide Yajima of NLI Research Institute. “He was a major driving force in promoting Abenomics. Ishihara has been tapped for the post, as he is expected to seamlessly succeed to Amari’s job due to his experience as the leader of his faction and in the cabinet.”

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