Bank of Japan’s February report of recent economic and financial developments1 Bank of Japan, 5 February 2004. *  *  *  The Bank’s view2 Japan’s economy is recovering gradually. Exports are recently increasing substantially and business fixed investment continues a gradual recovery. Reflecting these developments, industrial production is also increasing.
By law, shareholders own our corporations and, ideally, corporate managers should be working on behalf of shareholders to allocate business resources to their optimum use.