Traveling in Tokyo, Francois Fillon sought to reassure the Japanese business on the situation of France and Europe. Focus on the issues outlined by the Prime Minister.

Rigor

The word is out. Against all odds and for the first time, François Fillon spoke of the "rigor" to describe the economic policy of France. Boasting to an audience of Japanese businessmen, austerity measures launched by Paris, the Prime Minister said: "In every state budgets, the only one who is not subject to discipline, that is the budget of Higher Education and Research. Until now, the executive refused to fully use the term "hardship" may be too unpopular with the French.The economy minister, Christine Lagarde, recently described the French policy of policy of "ri-lance, a neologism describing a mixture of" rigor "and" revival ".

France has pledged to save 100 billion euros by 2013 to reduce its deficit. For now, the government relies on its growth forecasts to find half the sum. Otherwise, the government plans to freeze spending between 2011 and 2013 to maintain transfers to local governments and only slightly increase health spending. The state should also remove the tax loopholes and create a new tax on the wealthiest to raise 3.7 billion euros.

In Japan, the country's debt is colossal. The International Monetary Fund press and the country to reduce its deficit.However, there are uncertainties about the government's austerity policy, weakened by his recent defeat in the Senate elections.

The euro and yen to each currency's problem

And the Prime Minister was not content to praise the austerity policy of France, he also invited Japanese investors not to "turn away from the euro payday loans. He also promised that the EU would emerge "stronger" of the economic and financial crisis. It must be said that the disallowance of Nippon contractors for the euro area is growing. Proof is the recent A japponais Nikkei business daily, the 30% decline in investment in the euro countries during the first half of 2010. The concerns of the market seem to disappear on the Old Continent.The success of recent debt issuance in the euro area and witnessed the rise of the euro against the greenback, which is currently processing over $ 1.29.

In contrast to the euro, the yen continues to strengthen against the greenback. It operates at its highest level this year against the dollar, to 87.3 yen against the dollar.

Mitsubishi and Areva

At the industrial level, Prime Minister Francois Fillon said France was "open" to the entry of Japanese conglomerate Mitsubishi Heavy Industries (MHI) in the capital of nuclear group Areva. The Prime Minister has expressed his desire to "see strengthened the association between Areva and Mitsubishi for the particular realization of a new reactor, the reactor TTY. MHI and Areva have forged various partnerships, including establishing a joint venture, TDD, a developer of nuclear reactors of medium power.

Mitsubishi Heavy Industries does not hide its ambition to grow the European market nuclear pressurized water reactors. Nuclear is not the only area in France to attract companies Nippon. In 2008, France has 450 Japanese companies employing nearly 57,000 people.