Regarding the impact of the situation in Ukraine on the Japanese economy, Mr. Sakurada, the secretary-general of the Keizai Doyukai, said at a regular meeting on the 15th that the risk of stagflation, in which the economy slows down and prices rise at the same time due to soaring raw material prices and the depreciation of the yen, increases. He expressed strong concern about the future.
Among them, Secretary-general Sakurada said, "The fact that economic sanctions in Europe and the United States have progressed faster than expected is a big achievement, but in reaction to that, energy and grain prices are rising. The Japanese economy is at a standstill due to the expansion of Omicron stocks. It has begun to decline slightly, and the risk of stagflation, in which the economic slowdown and price increases at the same time, is increasing. "
Regarding the oil and natural gas development project in Sakhalin, where Japan is deeply involved, "Energy security problems are not unique to Japan. How do we deal with countries that do not share values with us?" I think it is important to discuss whether or not it is important. "While Western companies have announced their withdrawal one after another, there is a growing view that it may be difficult for Japanese companies to withdraw. In particular, I once again questioned it.