Keidanren Chairman Tokura says investors are 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.
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. He said he hopes that positive movements will occur through this year's spring labor union. He added, “I think there is a strong background that Japan itself is trying to create a virtuous cycles of growth.”