At the regular press conference on the 5th, Keidanren Chairman Tokura said that the yen exchange rate, which had fallen sharply this year, turned around and rapidly moved in the direction of yen appreciation. He indicated that he would keep an eye on trends in
In the foreign exchange market, the yen exchange rate fell to the 151 yen level to the dollar in late October, and then appreciated by more than 18 yen.
Regarding this, Keidanren Chairman Tokura said at a press conference on the 5th, "Unfortunately, the movement of speculative money has become extremely violent. I have to take a closer look from now on," he said.
Regarding the discussion of securing financial resources to strengthen defense capabilities, he said, "First of all, I would like you to thoroughly improve the efficiency and reduce fiscal expenditures. After that, I would like you to thoroughly discuss what financial resources should be allocated at what timing and burden. ' said.
In addition, Chairman Tokura reiterated his stance of encouraging member companies to raise wages in light of rising prices ahead of next year's spring labor offensive, stating, "I would like to use rising prices as an opportunity to create a favorable cycle between wages and prices. “There are.”