Now at last the Japanese economy is starting on a course of autonomous recovery. The most important responsibility to be shouldered by us in private industry is to carry on with the work of recreating the economy.
Private businesses are the engine of the market economy.
They must play their central role by powerfully driving it. Their challenge is to bring entrepreneurship into action not just in reorganizing and rationalizing operations but opening up new business frontiers, while charting accurately on where the IT revolution and other currents of the new economy are heading. In the area of public policy as well, it is important that Japan adopt measures that help create new growth opportunities for the national economy. One of such measures is to develop and follow through on a strategically oriented science and technology policy. Another is an educational reform that focuses on nurturing young people with creative talent and abilities to operate effectively in various fields of international activities.