Deteriorating Business Environment Due to Semiconductor Shortages, Higher Resource Prices and Geopolitical Risks

「一方、世界経済では、ＡＩ関連投資の拡大などを背景に底堅さが見られるものの、米国の通商政策の動向や中東情勢の長期化など、多くのリスクが顕在化しております。特にエネルギー価格の高止まりによる世界的な成長率の下振れが懸念され、先行きには依然として不確実性が残る状況です。」

「Meanwhile, inflation has continued due to higher raw material prices associated with the depreciation of the yen and wage increases resulting from labor shortages, raising concerns over stagnation in consumer spending through a deterioration in consumer sentiment. In addition, the outlook for the global economy remains uncertain due to factors including U.S. trade policy and the prolonged instability of the international situations in Ukraine and the Middle East.」

「Meanwhile, concerns over stagnation in consumer spending have increased due to persistent inflation and higher raw material prices associated with the depreciation of the yen, and the outlook remains uncertain.」

「Meanwhile, concerns over a downturn in overseas economies have increased as geopolitical risks in Ukraine, the Middle East and other regions have intensified and inflation has continued due to global monetary tightening, leaving the outlook for the economy uncertain.」

「Meanwhile, concerns over a downturn in overseas economies have increased as geopolitical risks in Ukraine, the Middle East and other regions have intensified and inflation has continued due to global monetary tightening, leaving the outlook for the economy uncertain.」

「Meanwhile, concerns over a downturn in overseas economies have increased due to inflation and sharp volatility in financial and capital markets resulting from the prolonged situation in Ukraine and global monetary tightening, leaving the outlook for the economy uncertain.」

「The economic outlook remains uncertain because the prolonged situation in Ukraine and currency depreciation in various countries are driving global inflation, keeping resource and raw material prices high, while concerns also remain about a renewed spread of COVID-19 caused by new variants.」

「However, global inflation is accelerating due to higher resource and energy prices accompanying the prolonged situation in Ukraine, restrictions on economic activity under China’s zero-COVID policy and currency depreciation in various countries, leaving the economic outlook uncertain.」

「The outlook for the economy has become uncertain amid concerns that global inflation will accelerate, due to restrictions on economic activity under China’s zero-COVID policy, higher resource and energy prices accompanying the prolonged situation in Ukraine, and the rapid depreciation of the yen.」

「Meanwhile, semiconductor shortages caused by global supply constraints and higher prices for resources such as crude oil have continued. In addition, geopolitical risks including Russia’s invasion of Ukraine have raised concerns that severe inflation will persist for an extended period.」