To support this process, we have put forward a timeline for consideration of the proposal by AFMA and market participants as well as the implementation of changes by the administrator.
However, public-sector investment has been following a declining trend on average, reflecting the restrained budget for fiscal 1997. Against the background of the steady overseas demand and the yen’s depreciation to date, real exports stayed firm in July after having increased significantly in the second quarter reflecting some additional temporary factors.