Regarding the Nikkei Stock Average hitting a new all-time high for the first time in 34 years, Keidanren Chairman Tokura said at a press conference on the 26th that the reason behind this was that investors were moving funds from China, where the economic slowdown continues, to Japan. He emphasized that it is important to realize a virtuous cycle of growth and distribution in order to sustain high stock prices.

In this regard, Keidanren Chairman Tokura stated, ``There was a lack of energy in China because it was suspected that some parts of the country were suffering from deflation, so the funds started to go to Japan, which led to a rapid rise in stock prices.'' expressed the view that the reason behind the rise in stock prices is that funds are being transferred to Japan from China, where the economic slowdown continues.

He added, ``I think there is a strong background that Japan itself is trying to create a virtuous cycle of growth and distribution, including through wage increases.That expectation is also included, so we can realize a virtuous cycle and make stock prices sustainable.'' I have to go,'' he said.

On the other hand, regarding this year's spring labor union, Chairman Tokura said that there have been a number of cases in which automakers and other companies are quickly settling negotiations with high-level wage increases, saying, ``There are differences depending on the industry, but the entire supply chain, including small and medium-sized enterprises, I hope that positive movements will occur through this,'' he said, expressing his hopes for the spread of these movements.