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▼ Macron Win Brings Sigh of Relief From Business Circles
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TOKYO (Jiji Press) — Japan’s business sector has welcomed the victory of pro-European Union centrist Emmanuel Macron over anti-EU nationalist Marine Le Pen in the French presidential runoff on Sunday.
Many believe that Macron’s win will help ease concerns about European politics.
“EU stability is a fundamental condition for growth and development in the European economy,” Sadayuki Sakakibara, chairman of the Japan Business Federation, or Keidanren, said at a press conference on Monday.
“The election result is welcomed by Japan’s business sector,” he stressed.
Kinya Seto, president of major housing equipment maker Lixil Group Corp., told reporters, “I’m relieved that France opted not to take an extreme approach.” The company is actively doing business in Europe.
A senior official at a major Japanese automaker also welcomed Macron’s victory, which means that France, a key member of the EU, will maintain its pro-EU stance. If Le Pen had won the election and France had exited the EU, that “could’ve led to the collapse of the union,” the official said.
As economy minister, a post he held for two years from August 2014, Macron had called for the merger of French auto giant Renault SA and its Japanese partner, Nissan Motor Co. .
Carlos Ghosn, chairman of both companies, has said that the two companies would not merge as long as the French government remains a Renault shareholder.
In this context, the French and Japanese automakers are expected to keep a close eye on Macron’s current view on the issue.
Many believe that Macron’s win will help ease concerns about European politics.
“EU stability is a fundamental condition for growth and development in the European economy,” Sadayuki Sakakibara, chairman of the Japan Business Federation, or Keidanren, said at a press conference on Monday.
“The election result is welcomed by Japan’s business sector,” he stressed.
Kinya Seto, president of major housing equipment maker Lixil Group Corp., told reporters, “I’m relieved that France opted not to take an extreme approach.” The company is actively doing business in Europe.
A senior official at a major Japanese automaker also welcomed Macron’s victory, which means that France, a key member of the EU, will maintain its pro-EU stance. If Le Pen had won the election and France had exited the EU, that “could’ve led to the collapse of the union,” the official said.
As economy minister, a post he held for two years from August 2014, Macron had called for the merger of French auto giant Renault SA and its Japanese partner, Nissan Motor Co. .
Carlos Ghosn, chairman of both companies, has said that the two companies would not merge as long as the French government remains a Renault shareholder.
In this context, the French and Japanese automakers are expected to keep a close eye on Macron’s current view on the issue.
- May 10, 2017
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