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Chairman of Japan Machine Tool Industry Association: The government should intervene in the trend of the yen
Kenichi Nakamura, chairman of the Japan Machine Tool Industry Association, said on August 19 that the yen in the foreign exchange market tends to rise, and the export industry regrets the government's tolerance for the appreciation of the yen. In order to protect Japan's 'trade nationIn addition, Nakamura pointed out that 'Japan's competitiveness is losing, and production in overseas factories is increasing' with regard to corporate income tax, and believes that it is necessary to reduce the corporate income tax rate. The data released by the meeting on the same day showed that from January to July 2010, the total amount of machine tool orders in Japan increased by 1.9 times compared with the same period of the previous year, reaching 525 billion yen (about 41.558 billion yuan), of which nearly 70% of the orders came from overseas.