Following the inauguration of the new President Biden, companies in the Kansai region have expressed their expectations.
Kubota, a major machine manufacturer headquartered in Osaka, accounts for about one-third of its sales in the North American market such as the United States.
We export tractors and lawnmowers for garden maintenance to the United States, as well as small construction machines for building houses.
Regarding the appointment of the new President Biden, Kubota President Yuichi Kitao said, "It will have a positive impact on the politics and economy of the entire world."
On top of that, regarding the additional economic measures of 200 trillion yen announced by the new President Biden, "Since about half of the measures go to individuals, it will have a positive effect such as raising the economy and expanding consumption, so that we can build houses. I think the market for small construction machinery will continue to be booming, "he said, and expressed his hope for an economic recovery.
The company plans to increase the number of bases, such as by building a new factory in Kansas, USA, and President Kitao emphasized the idea of further expanding the business in the US market.
In addition, Kyoto's major electronic component manufacturer "Murata Manufacturing Co., Ltd." expressed hope that the inauguration of the new President Biden would improve international affairs.
Murata Manufacturing manufactures parts such as capacitors used in 5G base stations.
With the inauguration of the new president, it is hoped that international relations with China and other countries will improve, and that demand for related parts will increase as 5G infrastructure development accelerates globally.