Global economic downside risks from exchange-rate fluctuations and rising prices

「当第１四半期連結累計期間における我が国経済は、緩やかな回復基調を維持したものの、消費者物価の高止まりや為替変動要因などにより、民間消費の伸び悩みが見られ、先行きには不透明感が残る状況となりました。加えて、米国政府の関税強化に伴う世界経済の減速懸念や地政学的リスクの高まりも企業活動に影響を及ぼしました。」

「Although Japan's economy has maintained a moderate recovery trend, private consumption remains sluggish due to persistently high consumer prices and stronger tariff measures by the U.S. government, leaving the outlook uncertain. Concerns about a global economic slowdown accompanying stronger U.S. tariffs and geopolitical risks resulting from the prolonged situations in Ukraine and the Middle East are also constraining factors for corporate activity.」

「Although Japan's economy maintained a moderate recovery trend during the interim consolidated accounting period, private consumption remained sluggish due to persistently high consumer prices and foreign exchange-related factors, leaving the outlook uncertain. In addition, the business environment surrounding companies remained uncertain due to the impact of U.S. government tariffs and heightened geopolitical risks.」

「Private consumption remained sluggish due to persistently high consumer prices and foreign exchange-related factors, leaving the outlook uncertain. In addition, concerns about a slowdown in the global economy resulting from stronger U.S. government tariffs and heightened geopolitical risks affected corporate activity.」

「However, the outlook remains uncertain due to the impact of foreign exchange volatility accompanying global monetary tightening and the downside risk to the global economy resulting from continued upward pressure on prices.」