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(voice "Chairman")

Chairman (Mr. Katushiko NaKamura)
"Mayor Sasayama"

The Mayor (Mr. Yukitoshi Sasayama) speaks:

Regarding the residents� autonomy, this is the opposite of where we started. People often blame "bureaucracy" for a problem they have before they think about it, according to Member Yasui. Therefore, I explained why bureaucracies started. I think there is something wrong with a discussion like: "things are going well because the bureaucracy exists and is giving so much money. "

So, we have to return to the basics. If the Citizens want to do the things in areas now handled by what we now call a public organization: with money made by their own selves, and with laws and rules made my their own selves.

This way does not make any trouble. When everyone participates in making the rules then nobody will oppose the final decision. In issues where transfer of authority is completed�no I take that back. 'How about we think about it in principle?,' I said.

To do the job across the whole population, surely is more desirable to return authority and to transfer. I meant, 'I will do it with the intention of saying "return it".' Of course, Kobe City is a big town. Then I can not say so selfishly. This is why I told you I would answer this issue in an abstract meaning.

Another interpellation was "how will Kobe City or its Mayor restore the margin with a high Yen exchange rate?" Is this right?

In reality, I can obtain a only as good exchange rate, as is available in the normal way. This is especially true with companies, and affiliated organizations. For example, electricity payments are lower. I think this is also happening in this City Hall, of course. Energy�this is imported energy. We received notice from Kanden Co. some days ago. It was very low because oil price hasn't risen very much recently.

However, when buying and selling, we really can buy things lower than the value of the exchange rate margin when we buy at a low interest exchange rate. Then, when the margin is bigger, we can actually return it to the citizens.

This is because borrowing money is cheaper and money is lost when banking. If the gap is bigger, then people say Kobe City is getting the money. However, in fact the opposite is true. When the facts are opposite then discussion is futile. In this meaning, we can get more when we search for the margin. Regarding the part of the margin that the city retains and the portion that it passes on: we have to return the margin to the citizens. It does not matter whether the amount is little or big. We truly return it to the citizens, because these amounts are calculated into our general source of revenue.

That is why I am I am speaking in this manner, to give concrete meaning to this discussion. Likewise, I hope we could like to return to discussing the regulations and laws. This is the basic thought of all the cities wanting to finance themselves. Generally, however, it is not best to keep bringing up repeatedly to the cities and towns.

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Toshihiko Yasui
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