The need for Japan and other Asian countries to make quick decisions on economic policies is growing in step with the pace of economic globalization, according to Thomas Donohue, president and chief executive officer of the U.S. Chamber of Commerce.
Donohue, who heads the largest business lobby in the U.S., said that transparency and open markets will be the keys to building a competitive economy in a global marketplace.
Donohue arrived in Tokyo Sunday for three-day visit in which he will hold discussions with Prime Minister Yoshiro Mori, government officials and Japanese business leaders, including Takashi Imai, chairman of the Japan Federation of Economic Organizations (Keidanren), the nation's most powerful business lobby.