Japanese business leaders Wednesday welcomed Prime Minister Shinzo Abe’s reshuffled Cabinet as having a number of policy experts, expressing hope that his government will tackle major economic and social challenges.
“While attaching importance to the stability and continuity of the administration, the new Cabinet includes many people well versed in formulating policies, who are capable of dealing boldly with important challenges at home and abroad,” said Hiroaki Nakanishi, chairman of the Japan Business Federation, the country’s biggest business lobby also known as Keidanren.
Nakanishi said in a statement that he expects Abe’s government to spur economic growth, restore finances, improve social welfare systems, achieve sustainable energy supplies and engage in active diplomacy.
Kengo Sakurada, chairman of the Japan Association of Corporate Executives, said he hopes the government will be “future-oriented” and address mid- and long-term issues by taking the advantage of Abe’s experience.
He advised establishing an independent institute that can analyze economic, fiscal and social welfare challenges “from the standpoint of future generations.”
Akio Mimura, chairman of the Japan Chamber of Commerce and Industry, also said he hopes Abe’s revamped Cabinet, with 13 new faces, will tackle a wide range of challenges with “all-out efforts.”
Among other issues, Mimura said he hopes Japan will expand free trade with countries with which it shares similar values, amid such challenges as trade tensions between the United States and China, and the United Kingdom’s withdrawal from the European Union.