Uncertainty in the Economic Environment Due to China’s Zero-COVID Policy, Geopolitical Conditions and Other Factors
First written in FY2023-Q1. 7 of 13 entries say "Restated". Latest entry: FY2026.
Temairazu moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 161 of 184 companies on the "Worse" side.
85 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「At the same time, uncertainty about the economic outlook continues due to the destabilization of the international situation, soaring energy and raw material costs, the impact of the United States' recent tariff policies and the interest-rate policies of various countries.」
In addition to the existing geopolitical, price and interest rate factors, external uncertainties including U.S. tariff policy emerged, broadening the sources of economic environment risk. - FY2026-H1RestatedAnnual report
「Overseas, uncertainty about the outlook continues due to the prolonged situations in Ukraine and the Middle East, trends in monetary policy in major countries, and concerns about a slowdown in the Chinese economy.」
Continuing uncertainty about the outlook resulting from the situations in Ukraine and the Middle East, monetary policy in major countries, and concerns about a slowdown in the Chinese economy has been reconfirmed. - FY2025WorsenedAnnual report
「At the same time, uncertainty about the economic outlook continues due to the destabilization of the international situation, soaring energy and raw material costs, the impact of the United States' recent tariff policies and the interest-rate policies of various countries.」
While inbound demand remains firm, the factors contributing to uncertainty in the external environment have broadened to include the international situation, energy and raw material costs, United States tariff policies and interest-rate policies in various countries. - FY2025-H1RestatedAnnual report
「At the same time, personal consumption has remained sluggish in some areas due to persistently high raw material costs associated with yen depreciation and rising prices. Uncertainty about the economic outlook continues due to heightened geopolitical risks arising from the prolonged Ukraine situation and the situation in the Middle East, as well as interest-rate policies in various countries.」
While inbound demand remains firm, continuing uncertainty in the economic environment resulting from yen depreciation, rising prices, the Ukraine and Middle East situations, and interest-rate policies in various countries has been reconfirmed. - FY2024-Q3RestatedAnnual report
「At the same time, uncertainty about the economic outlook continues due to soaring energy prices, rising prices and the interest-rate policies of various countries, against the backdrop of the situation in the Middle East, the prolonged Ukraine situation and an economic environment characterized by yen depreciation.」
While demand for lodging and travel to Japan continues to recover, the continuing uncertainty in the economic environment resulting from the situation in the Middle East, the Ukraine situation, yen depreciation, rising energy and other prices, and interest-rate policies in various countries has been reconfirmed. - FY2024-Q2WorsenedAnnual report
「At the same time, uncertainty about the economic outlook continues due to soaring energy prices, rising prices and the interest-rate policies of various countries, against the backdrop of the situation in the Middle East, the prolonged Ukraine situation and an economic environment characterized by yen depreciation.」
While inbound demand continues to recover, the disclosure identifies uncertainty in the economic environment arising from the situation in the Middle East, the Ukraine situation, yen depreciation, rising energy and other prices, and interest-rate policies in various countries, indicating that the external-environment risk factors have broadened. - FY2023RestatedAnnual report
「At the same time, downside risks to the economy have emerged, including soaring energy prices against the backdrop of the prolonged Ukraine situation and an economic environment characterized by yen depreciation, as well as rising prices, and uncertainty continues.」
While demand for travel to Japan continues to recover, downside risks to the economy and uncertainty about the outlook resulting from the Ukraine situation, yen depreciation, soaring energy prices and rising prices have been reconfirmed. - FY2023-Q3Downside risks to the economy remain, while easing border measures strengthens expectations for an inbound recoveryAnnual report
「During the cumulative third quarter of the current fiscal year, Japan's economy has been gradually recovering, with the flow of people showing signs of recovery as restrictions on behavior related to COVID-19 were eased and the transition to a new phase of living with COVID-19 progressed, despite successive waves of infections. At the same time, downside risks to the economy have emerged, including soaring material prices and utility costs and rising prices, and uncertainty about the outlook continues. Border-control measures for arrivals from China, where temporary measures had been in place, were eased from 5 April 2023, and the measures are scheduled to end on 8 May 2023. This is expected to further restore inbound demand by lowering the barriers to travel to Japan.」
While recovery in the flow of people and the easing of border-control measures for arrivals from China are expected to support further recovery in inbound demand, downside risks to the economy from soaring material prices and utility costs and rising prices, as well as uncertainty about the outlook, remain. - FY2023-Q2China's policy shift creates both expectations for recovery and border-control risksAnnual report
「China, which had maintained its zero-COVID policy, has changed course, raising expectations for further revitalization of the lodging and travel industry as the number of visitors to Japan from China increases. However, in response to the rapid spread of infections in China, Japan has implemented border-control measures for flights from mainland China, and the situation requires close monitoring of developments in China and Japan's border-control measures.」
While China's shift away from its zero-COVID policy is expected to increase demand for travel to Japan, the rapid spread of infections in China and Japan's border-control measures were presented as new sources of uncertainty. - FY2023-Q1First statedAnnual report
「At the same time, uncertainty about the outlook continues due to soaring raw material and fuel prices against the backdrop of lockdowns under China's zero-COVID policy and the prolonged Russia-Ukraine situation, as well as significant foreign exchange fluctuations.」
Economic uncertainty resulting from lockdowns in China, the Russia-Ukraine situation, soaring raw material and fuel prices, and significant foreign exchange fluctuations was disclosed as a new business-environment risk factor.