Business leaders want quick policy action

Kyodo

Business leaders voiced hope Friday that new Prime Minister Yoshihiko Noda’s Cabinet will work to swiftly install policies that spur economic growth.

“It is a solid lineup with (ministers) who are well-versed in policies in various posts,” Hiromasa Yonekura, chairman of Keidanren, said in a statement.

The head of the nation’s biggest business lobby urged the new Cabinet, with help from the opposition parties, to work swiftly on key goals, including rebuilding areas devastated by the March 11 earthquake and tsunami, and to deal with the yen’s excessive appreciation.

“We in business circles will provide full cooperation to the new government to implement policies,” Yonekura said.

He also expressed hope that ties between big business and the new government will improve after deteriorating under the administration of Noda’s predecessor, Naoto Kan.

Yasuchika Hasegawa, chairman of the Japan Association of Corporate Executives, another lobby, told reporters in Tokyo he wants the new government to “produce results as it is best for us and for the people.”

On new trade minister Yoshio Hachiro, Hasegawa said he wants him to dispel concerns about electricity supplies next summer and promote free trade to get the economy growing again.