Declines in Economic Activity, Production and Demand Due to the Spread of COVID-19
First written in FY2021-Q1. 1 of 10 entries say "Softened", first in FY2024-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2024-Q1SoftenedAnnual report
「With the reclassification of COVID-19, restrictions on economic activity were largely eliminated, and the economy is gradually recovering.」
As restrictions on economic activity due to COVID-19 were largely eliminated and an economic recovery was noted, references to the previous risk of declining economic activity and demand have weakened. - FY2023-Q3Uncertainty from the easing of restrictions on activities coexisting with uncertainty from policy changes in ChinaAnnual report
「During the 9-month period ended in the third quarter, the Japanese economy gradually recovered as restrictions on activities were eased and the government introduced economic stimulus measures, despite the spread of COVID-19. In the global economy, rapid exchange-rate fluctuations occurred as policy interest rates were raised further in response to accelerating inflation. Uncertainty continued due to the further tightening of US trade restrictions on China, persistently high energy prices amid the prolonged situation in Ukraine, and changes to China's zero-COVID policy.」
Although the easing of restrictions and recovery in the domestic economy were noted, the spread of infections continued, with uncertainty from China's policy changes, policies worldwide and energy-related factors also persisting. - FY2023-Q2Recovery in the domestic economy coexisting with China's lockdowns and a resurgence in infectionsAnnual report
「During the 6-month period ended in the second quarter, the Japanese economy gradually recovered as infection-control measures were eased, despite a resurgence of COVID-19.」
In Japan, an economic recovery accompanying the easing of infection-control measures was noted, while the resurgence of COVID-19 and lockdowns in China remained sources of uncertainty. - FY2023-Q1Recovery in domestic economic activity coexisting with China's lockdowns and a resurgence in infectionsAnnual report
「Following the stabilization of the spread of COVID-19, restrictions on economic activity were eased and the economy gradually recovered. In the global economy, capital investment was expected to increase for decarbonization initiatives, corporate digital transformation and stronger cybersecurity, but the resurgence of COVID-19 in China and the resulting lockdowns」
In Japan, the stabilization of infections and the easing of restrictions indicated an economic recovery, while lockdowns in China due to a resurgence of infections were cited as an ongoing risk. - FY2022-Q3Economic recovery coexisting with variant risks and supply constraintsAnnual report
「Vaccinations for COVID-19 also progressed, and corporate and economic activity gradually recovered. … In the global economy, economic activity showed signs of recovery in Europe, the US and China, but the situation remained unpredictable due to the rapid spread of new COVID-19 variants and rising prices.」
Although corporate and economic activity in Japan and overseas recovered against the backdrop of vaccinations, uncertainty due to the rapid spread of new variants and rising prices persisted. - FY2022-Q2Economic recovery coexisting with a resurgence in infections and supply constraintsAnnual report
「Vaccinations progressed, and corporate and economic activity gradually recovered. … However, the situation remained unpredictable, with the impact of breakthrough COVID-19 infections and the resurgence of infections in Southeast Asia also emerging.」
Although economic activity continued to recover against the backdrop of vaccinations, breakthrough infections, a resurgence of infections in Southeast Asia, and production adjustments due to semiconductor shortages also persisted. - FY2022-Q1Economic recovery coexisting with supply constraints and variant risksAnnual report
「COVID-19 vaccinations also began, and corporate and economic activity gradually recovered. … In some regions, including India, the situation remained unpredictable as COVID-19 variants continued to increase.」
Although the start of vaccinations and the recovery in corporate and economic activity were noted, uncertainty remained in some regions due to the increase in variants, while semiconductor shortages and production adjustments also persisted. - FY2021-Q3Economic recovery coexisting with concerns about a resurgence in infections and stagnation in Europe and the USAnnual report
「During the 9-month period ended in the third quarter, the Japanese economy gradually resumed economic activity while infection-control measures remained in place after the state of emergency for COVID-19 was lifted. Corporate and economic activity showed signs of recovery, supported by various government policies, including the special fixed-sum benefit and the Go To campaign. However, employment and capital investment remained cautious as new infections began to increase again, and uncertainty about the outlook continued.」
Although economic recovery following the lifting of the state of emergency was noted, employment and capital investment remained cautious as new infections increased again, while uncertainty about the outlook due to a resurgence in infections persisted. - FY2021-Q2Economic reopening coexisting with concerns about a resurgence in infectionsAnnual report
「Although there were concerns about a resurgence in COVID-19 infections, the state of emergency was lifted and economic activity gradually resumed while infection-control measures remained in place, with signs of a recovery emerging. However, companies continued to take a cautious approach to capital investment due to current business conditions and uncertainty about the outlook.」
The resumption of economic activity and signs of recovery after the state of emergency was lifted were noted, while concerns about a resurgence in infections, a cautious approach to capital investment, and uncertainty about the outlook continued. - FY2021-Q1First statedAnnual report
「In Japan, the state of emergency continued for approximately 2 months, restricting the movement of people and prompting restaurants and other businesses to voluntarily curtail operations. Production at automobile and industrial equipment manufacturers was also at times halted at factories.」
The spread of COVID-19 is described for the first time as an external risk that materialized through the approximately 2-month state of emergency, restrictions on the movement of people, factory shutdowns, and declines in production and demand.