Keidanren Seeks Fiscal, Social Security Reforms for Growth

Politics Economy Lifestyle

Karuizawa, Nagano Pref., July 19 (Jiji Press)--The Japan Business Federation, or Keidanren, called on the government on Friday to accelerate fiscal reconstruction and reform of the country's social security system to help spur economic growth.

The request was included in a document to wrap up a two-day summer session of the country's biggest group of employers, held in the resort town of Karuizawa in Nagano Prefecture, central Japan.

The document said Keidanren will focus on urging the government to promote economic structural reforms centering on fiscal and social security reforms in order help expand personal spending and corporate capital expenditures by dispelling people's concerns over the future and improving business sentiment.

"We will tell the government what we have to say," Keidanren Vice Chairman Tsuyoshi Okamoto, senior adviser at Tokyo Gas Co. <9531>, said at a press conference, calling the structural reforms a top priority issue for the government.

Okamoto, who chaired the meeting, said that Keidanren plans to reflect the results of the meeting in its policy proposals to the government.

[Copyright The Jiji Press, Ltd.]

Jiji Press