Hiroshi Okuda, chairman of the Japan Federation of Employers' Associations (Nikkeiren), said Wednesday that he hopes Prime Minister Yoshiro Mori's new Cabinet will work toward the full recovery of Japan's economy.

"We welcome the new Cabinet, which is comprised of experienced politicians, when the nation faces various domestic and international problems," Okuda said.

Okuda said he hopes the Cabinet will successfully host the July 21-23 Group of Eight summit in Okinawa.