July 22, 2013

JAMA Comment on 23rd Upper House Election Results

Akio Toyoda, Chairman, Japan Automobile Manufacturers Association, Inc

JAMA views the results of Japan’s Upper House election yesterday as an indication of voters’ high expectations vis-à-vis the coalition government headed by Prime Minister Shinzo Abe and its ability to fast-track economic policy initiatives, as outlined in Mr Abe’s “three-arrowed” stimulus plan.

We, too, look forward to swift and resolute action by the government in the implementation of its growth strategy and platform pledges, in order to bring about sustained growth for the Japanese economy which already is showing signs of recovery.

In line with the government’s economic policies, the Japanese automobile industry intends to contribute to that recovery by strengthening its international competitiveness and invigorating Japan’s vehicle market, among other efforts.

To boost domestic market revitalization, JAMA strongly advocates the early introduction of measures that would reduce the burden on users of Japan’s automobile taxes which, from an international standpoint, are clearly excessive.