Keidanren OK with DPJ policy

JIJI

Hiromasa Yonekura, elected Tuesday as chairman of Keidanren for a second two-year term, indicated that the economic policy of the nation’s business lobby is in line with that of Prime Minister Yoshihiko Noda.

The Democratic Party of Japan will not ask Keidanren for political donations or backing in campaigns, but the party hopes the business association will cooperate with the DPJ as an opinion leader, Noda said at the group’s general meeting to elect its executives.

After the meeting, Yonekura, who is chairman of Sumitomo Chemical Co., said Keidanren will respond with sincerity to the prime minister’s request.

Noda made the comment at the meeting on the belief that his administration shares the same view with the group on the course of action on the economy.

In his opening remarks, Yonekura said Japan is at a historical crossroads that could either lead to its revival or fall.

He vowed to continue urging the government to promote the restart of idled nuclear reactors, comprehensive tax and welfare reforms, and participation in the Trans-Pacific Partnership free-trade framework.