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Reactions from industry organizations on new cabinet lineup

On the launch of a new cabinet formed by Prime Minister Shinzo Abe, Japan Business Federation (Keidanren) Chairman Sadayuki Sakakibara issued a statement on August 3 saying, “It is a strong lineup that is capable of accelerating Abenomics.” To bring Japan out of deflation, he called on the new cabinet to “give top priority to the economy and work hard to promote numerous key policies.”

 

Japan Association of Corporate Executives Chairman Yoshimitsu Kobayashi gave credit to the creation of a new ministerial post tasked with reforming people’s working styles. He noted that “Abe showed his commitment to addressing key challenges to cater to societal changes.”

 

Japan Chamber of Commerce and Industry Chairman Akio Mimura noted that he expects the new cabinet to make use of its stable political foundation and “carry out drastic structural reforms to ease future concerns held by people and companies.”

 

Japan Automobile Manufacturers Association Chairman Hiroto Saikawa and Japan Foreign Trade Council Chairman Eizo Kobayashi called for the early endorsement of the Trans-Pacific Partnership free trade pact and the conclusion of an economic partnership agreement with Europe to enhance Japan’s international competitiveness.

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