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To the deflationary spiral however now because theres a strong trend of Wage Increases, Finance MinisterShunichi Suzuki says its over. Joining me now is seijiro takeshita, whos a professor at the university of shizuoka. Thank you for being with us today. Talk to us first of all, this is a pretty unique set of circumstances that japan has pretty unique set of circumstances thatjapan has been pretty unique set of circumstances that japan has been through for the past generation. It is todays Declaration Calls for celebration . Yes, i would think so. Concerning the fact that for two decades, we havent seen any wage rise. Where the only country to do that. There are a lot of recurring profits, bits nine redeeming to their employees. This is, in that sense, a remar ....
You have the investment of 100 million, security ofjobs, 1000 jobs at the plant which gives stability in terms of the workforce, but in terms of the supply chain, on many, many more thousands in the supply chain, and in that part of the uk obviously very important as an employer. there is a flip side to this, isn t there, which is that after more than 100 years, vauxhall cars will no longer be made in this country, they will be made in spain, portugal and poland, is that a little bit disappointing, perhaps? not at all, no. because we are building at the luton plant, we are building the combo at ellesmere port, and we will be the centre for commercial vehicle production of the uk for our sister brands and obviously for vauxhall, so i don t see, i come back to this point about sustainability of the plants, because you concentrate your manufacturing on one platform it means you have a stronger long term future. interesting to hear how car manufacturers are coping with that issue. let s ge ....