Regarding the government and the Bank of Japan's decision to intervene in the market by selling the dollar and buying the yen, Izumi, the leader of the Constitutional Democratic Party of Japan, criticized that "the effect of intervention is temporary," and the demerit due to the yen's depreciation. I emphasized the idea that we should support companies that receive
In the foreign exchange market, from the night of the 21st to the early morning of the 22nd, the yen appreciated against the dollar by more than 7 yen to the 144 yen level to the dollar, and the government and the Bank of Japan decided to intervene in the market by selling the dollar and buying the yen. It is believed that
At a press conference held in Fukuoka, Constitutional Democratic Party of Japan (CDP) leader Izumi Izumi said, "While the government is creating an environment where the yen is depreciating through structural interest rate differentials, even if it intervenes a little, the effect will be temporary." criticized the government's response.
On top of that, he said, "I would like to strengthen support measures for companies that suffer from the disadvantages of a weak yen rather than those that benefit from the weak yen. Until wages are raised, I would like to press the government to realize a 100,000 yen benefit for all children. The RENGO is calling for a wage increase of about 5% in next year's spring labor offensive, so I would like to somehow create an environment in which this can be achieved."