Regarding the recent depreciation of the yen, Sakurada, the secretary general of the Keizai Doyukai, told reporters on the 6th that "it will never work positively for the Japanese economy," and the current exchange level that leads to rising raw material and fuel prices is not desirable. I reiterated the idea.
On the 6th, Secretary Sakurada responded to a reporter's interview after exchanging opinions with the National Governors' Association held online.
Among them, Mr. Sakurada said about the recent depreciation of the yen, "I think that the exchange rate reflects the power of the country, so I think that the depreciation of the yen weakens the power of the country of Japan. I have. "
On top of that, "In the short term, it is said that export-type companies will improve their nominal performance and competitiveness as the yen depreciates, but overall, what do you think of the current level of foreign exchange? However, it will never work positively for the Japanese economy, "he reiterated the idea that the current exchange rate, which leads to higher raw material and fuel prices, is not desirable for the Japanese economy.