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HOME  > Past issues  > 2010 May 26 - June 1  > Shii calls for change in policy to support SMEs
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2010 May 26 - June 1 [POLITICS]

Shii calls for change in policy to support SMEs

May 27, 2010
In a meeting held by the Japanese Communist Party on May 26 in Tokyo’s Ota Ward, known as Japan’s main district of family-run workshops, JCP Chair Shii Kazuo said, “Local factories are the very foundation of Japanese manufacturing businesses and local communities. They are a precious treasure of Japan which need to be protected. The need now is to change the government policy to one that truly encourages and supports small- and medium-sized enterprises (SMEs).”

About 350 people, including SME owners, attended the meeting.

Referring to the fact that in Ota Ward the number of small- and medium-sized manufacturers decreased by 41.9% between 1986 and 2006, and that after the failure of Lehman Brothers in Japan, the amount of orders to SMEs declined sharply, Shii explained the JCP proposal to help struggling SMEs.

In the proposal, the JCP calls on the government to establish rules to guarantee fair trade between large corporations and SMEs, to take measures to develop and support SMEs by recognizing SMEs to be the basis of the Japanese economy, to reestablish the Japanese economy on sound footing led by domestic demand through the use of excessive corporate internal reserves and profits, and to provide direct financial assistance to SMEs to help pay for rental fees for machine tools and rent payments for their business premises.

Representatives of the Ota City Industrial Promotion Organization and the Ota Industrial Federation also spoke at the meeting.
- Akahata, May 27, 2010

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