The economy will begin recovering in April thanks to rising demand for reconstruction projects in areas devastated by the Great East Japan Earthquake, leaders of the nation's three major business organizations have predicted.
At the same time, they expressed anxiety about the European fiscal crises and the sharp appreciation of the yen, and called on the government to quickly implement integrated reform of the social security and taxation systems, including a consumption tax hike.
The leaders of the three organizations --the Japan Business Federation (Keidanren), the Japan Association of Corporate Executives (Keizai Doyukai) and the Japan Chamber of Commerce and Industry (JCCI)--presented their opinions about the economy this year at a joint press conference. (Yomiuri)
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