Keidanren's summer forum, in which top management of major companies participate, began on the 21st in Karuizawa Town, Nagano Prefecture. I emphasized that I would like to raise it.
About 40 top management attended the Keidanren Summer Forum, which was held in Karuizawa for the first time in three years.
At the beginning, Keidanren Chairman Tokura commented on the issues surrounding the world economy: "Russia's military invasion of Ukraine has greatly shaken the foundation of the international order. In addition, excessive capitalism has widened disparities and global warming. Challenges that are intricately intertwined, such as the collapse of the ecosystem due to the invasion, are being faced one after another.
This forum will be held until the 22nd with the theme of "sustainable capitalism", and discussions will be held on corporate innovation, social change through decarbonization efforts, and response to geopolitical risks. The Declaration of Action is expected to be finalized.
Kuniharu Nakamura, Chairman of Sumitomo Corporation, who chairs the forum as Vice Chairman of Keidanren, said, "I would like to discuss the direction of the business community toward a virtuous cycle of growth and distribution."
Bank of Japan Monetary Easing Measures "Provide a Firm Explanation of Policy Stance"
Regarding the BOJ's decision to maintain large-scale monetary easing measures, the business community has asked for a firm explanation of its future policy stance.
Of these, Kuniharu Nakamura, chairman of the major trading company Sumitomo Corporation, said that the Bank of Japan decided to maintain the current monetary easing policy, "I think it is a sign of the judgment that the recovery of the Japanese economy is not yet in full swing. I have to stretch it. "
He also said that the impact of the depreciation of the yen on corporate performance would be "I think the colors will differ considerably depending on the type of industry, but imports will be difficult."
Meanwhile, Akiyoshi Koji, chairman of the beer giant Asahi Group Holdings, said, "Households are being squeezed by price increases that have not been seen in recent years, and companies are being squeezed by soaring raw material prices. I think we have to consider whether to continue or not in earnest. "
On top of that, "If the depreciation of the yen is prolonged and personal consumption and corporate performance are affected, companies will not be able to maintain the momentum of wage increases. Isn't it important? "The Bank of Japan pointed out that the stance of monetary policy should be explained politely.