Economic Revitalization Minister Nishimura: "Expectations for the future are very strong.

Regarding this month's monthly economic report, Minister of State for Economic Revitalization, Mr. Nishimura said at a press conference, "In addition to the trends in capital investment and consumption, the economy watcher survey also shows good numbers, and there is a very strong sense of expectation for the future. I have not changed my view that the Japanese economy as a whole has the potential to recover.

On the other hand, regarding the impact of the fire at Renesas Electronics, a major semiconductor manufacturer, on the production of automakers, Mr. Nishimura said, "We have a month's worth of parts in stock, so if we can resume production within a month, I don't think it will have much of an impact, but if production continues to be suspended for longer than that, it could have an impact. In addition to this, the cold wave in the U.S. caused semiconductor-related companies to suspend production, and some automakers are also planning to suspend production.

Source: https://www3.nhk.or.jp/news/html/20210323/k10012932251000.html?utm_int=news-business_contents_list-items_006