On behalf of Keidanren, I wish to extend my warmest welcome to the G7 leaders participating in the Ise-Shima summit.
This summit is to be held at a time when the state of the world economy is far from reassuring in light of the slowdown of emerging economies and the instability of financial and capital markets.
Keidanren hosted the "B7 Tokyo Summit" on April 20 and 21, to facilitate an in-depth discussion on the world economy, trade and investment, the digital revolution and other global agenda among the heads of major business federations in G7 countries. The outcome of the discussion was submitted, in the form of the B7 Joint Recommendations representing the consensus of the G7 business communities, to Prime Minister Shinzo Abe.
The essence of our message is that it is incumbent on the G7 nations, sharing fundamental values such as freedom, democracy, rule of law, basic human rights and the market economy, to play a leading role in achieving, through close policy coordination, the stable and sustainable development of the world economy.
As chair of the B7 Tokyo Summit, I would like to once again call on the G7 leaders to collectively implement flexible fiscal policies and carry out bold structural reforms while avoiding exclusive reliance on monetary policy.
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