Regarding the rate of increase in the consumer price index last month, which was the first in 30 years and 11 months excluding the impact of the consumption tax hike, Keidanren Chairman Tokura said at a regular press conference on the 20th that He indicated that he would pay close attention to whether it would lead to a so-called virtuous cycle of the economy, in which companies raise wages.
Keidanren Chairman Tokura commented on the impact on the economy of last month's record-high consumer price index, saying, "The recent rise in prices is due to costs related to energy, etc. I think that there is a strong aspect of this situation. I hope that this situation will lead to a phase in which companies aim to raise wages, leading to a virtuous cycle." He indicated that he would pay attention to whether it would lead to a virtuous cycle of the economy.
He then commented on the BOJ's continued large-scale monetary easing as central banks in Europe and the United States are raising interest rates: It is necessary to wait a little longer to see if it is time to review the policy.The depreciation of the yen is a speculative movement with an eye on the interest rate differential with the United States, etc., and it will not immediately lead to discussions on monetary policy. I think," he said, indicating that discussions should proceed based on future price increases and wage increases.