We Are Tomodachi Autumn / Winter 2017

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18Other Economic Indicators - After AbenomicsNominal GDPEmployment↑1.9 million2012 Q32017 Q2JPY 492.8 trillion (USD 4.4 trillion)JPY 542.8 trillion (USD 4.9 trillion)Unemploymentrate2.8%Jobs toapplicants ratio1.52Exceeds 1.0 in all prefecturesCorporateordinary prot↑JPY 26.5 trillion(USD 239 billion)Nikkei stockaverageDoubled (Government Pension Fund+ JPY 46 trillion (USD 414 billion))InboundtouristsTripled (hotel utilization rate 80%+)Tax revenue↑JPY 14.4 trillion(USD 129 billion)+50(+10%)Japan Has Changed, More Changes to ComePM Abe and Top Executives Meet in New York CityPrime Minister Abe invited 15 world-renowned business leaders to breakfast during his visit to the United Nations General Assembly in New York City (Sept. 19, 2017). Abe and his guests—CEOs from leading manufacturers, asset management companies, institutional investors, and consulting and agri-business firms who were interested in and optimistic about the Japanese economy—had an active dialogue about investing in Japan. The breakfast started off with a few words from Abe. He elucidated the remarkable changes that have happened through Abenomics such as increases in nominal GDP, employment, and corporate ordinary profit. At the same time, he pointed out that Japan also recognizes its need to pursue changes even further—increase productivity, better utilize retained earnings and fulfill the great potential of Japan’s SMEs and startups. Abe also stressed the importance of free trade and ParticipantTitle OrganizationDominic BartonGlobal Managing PartnerMcKinsey & CompanyLarry FinkChairman and CEOBlackRockPaul J. FribourgChairman and CEOContinental Grain CompanyGregory J. HayesChairman, President and CEOUnited TechnologiesMichael SabiaPresident and CEOCaisse de dépôt et placement du QuébecAndré AndonianManaging Partner, JapanMcKinsey & CompanyThomas R. NidesVice ChairmanMorgan StanleySession 1Achivements of Abenomics76543211243576declared his unwavering commitment to making the Trans-Pacific Partnership (TPP) Agreement happen.