Uncertainty Surrounding the New U.S. Administration’s Monetary, Foreign Exchange and Automotive Trade Policies
First written in FY2017. 4 of 12 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
9 other companies' latest entry also says "Other".
- FY2026-H1Renewed reference to US tariff measuresAnnual report
「During the interim accounting period under review, Japan's economy showed signs of uncertainty due to US tariff measures and other factors, but research and development at client companies remained solid.」
The risk relating to US trade policy, which had disappeared from previous disclosures, is mentioned again this time as uncertainty caused by US tariff measures and other factors. - FY2020DroppedAnnual report
「During the fiscal year under review, Japan's economy recovered moderately, although some weakness was evident.」
This full-year disclosure contains no identifiable issue requiring monitoring concerning US monetary, foreign-exchange or trade policies or developments in trade policy. - FY2020-Q3ReframedAnnual report
「Although moderate growth is expected to continue going forward, it is necessary to monitor unstable factors in international conditions, including US-China trade friction, Japan-South Korea relations and the outlook for the UK's withdrawal from the EU.」
The wording has changed from the specific reference to developments in US trade policy used previously to a reference to monitoring elements of instability in the international situation generally, including US-China trade friction, Japan-South Korea relations and the outlook for the UK's withdrawal from the EU. - FY2020-Q2ReframedAnnual report
「Although moderate growth is expected to continue going forward, it is necessary to monitor unstable factors in international conditions, including US-China trade friction and Japan-South Korea relations.」
The wording has changed from uncertainty surrounding US monetary, foreign-exchange and trade policies to a reference to monitoring elements of instability in the international situation, including US-China trade friction. - FY2019DroppedAnnual report
「During the fiscal year under review, Japan's economy continued to recover moderately, supported by a trend toward increased capital investment and improvements in employment and income conditions.」
This full-year disclosure no longer mentions uncertainty surrounding US monetary, foreign-exchange and trade policies or developments in trade policy. - FY2019-Q3RestatedAnnual report
「Although recovery is expected to continue going forward, it is necessary to closely monitor developments in US trade policy and downside risks to economic conditions in emerging Asian economies, led by China.」
The company continues to identify developments in US trade policy as an issue requiring monitoring, with no material change from the scope covered previously. - FY2019-Q2RestatedAnnual report
「Although recovery is expected to continue going forward, it is necessary to closely monitor developments in US trade policy and downside risks to economic conditions in emerging Asian economies, led by China.」
For the US, the company continues to identify developments in trade policy, rather than monetary and foreign-exchange policies generally, as an issue requiring monitoring. - FY2019-Q1SoftenedAnnual report
「Developments in U.S. trade policy」
The scope has been narrowed this time from the previous wording concerning uncertainty surrounding US monetary, foreign-exchange and trade policies generally to developments in US trade policy. - FY2018-Q3RestatedAnnual report
「Although recovery is expected to continue going forward, it is necessary to closely monitor risks including uncertainty surrounding US monetary, foreign-exchange and trade policies, uncertainty associated with the UK's withdrawal from the EU, downside risks to overseas economies, such as emerging Asian economies, led by China, and domestic political conditions.」
Uncertainty surrounding US monetary, foreign-exchange and trade policies continues to be disclosed, together with the UK's withdrawal from the EU and downside risks to overseas economies, as an issue requiring monitoring. - FY2018-Q2RestatedAnnual report
「Uncertainty surrounding US monetary, foreign-exchange and trade policies」
Uncertainty surrounding US monetary, foreign-exchange and trade policies continues to be disclosed as an issue requiring monitoring going forward. - FY2018-Q1SoftenedAnnual report
「Uncertainty surrounding US monetary, foreign-exchange and trade policies」
The wording has changed from the specific references to the "new US administration" and "trade policy on automotive trade" used previously to a general reference to uncertainty surrounding US monetary, foreign-exchange and trade policies. - FY2017First statedAnnual report
「Uncertainty surrounding the new US administration's monetary and foreign-exchange policies and its trade policy on automotive trade」
For the first time, the company explicitly identifies uncertainty surrounding the new US administration's monetary and foreign-exchange policies and trade policy on automotive trade as a future risk.