Heightened Geopolitical Risks Overseas

「Uncertainty remains due to geopolitical risks involving Ukraine and the Middle East and the impact of U.S. policies.」

「During the interim consolidated accounting period, Japan’s economic environment benefited from factors supporting recovery, including improved income conditions resulting from high wage growth and an increase in visitors to Japan, although personal consumption remained sluggish due to soaring prices. In addition, the outlook remains uncertain due to geopolitical risks related to Ukraine and the Middle East and the impact of US policies.」

「Meanwhile, although an increase in visitors to Japan was observed, new issues emerged, including the impact of the release of ALPS-treated water from late August onward. In addition, the outlook remains uncertain as the company faces soaring global resource prices caused by the Ukraine crisis, a historically weak yen driven by the widening Japan-US interest-rate differential, and resulting upward pressure on raw material and energy prices.」

「During the cumulative first quarter period, as the impact of COVID-19 began to subside, social and economic activity gradually normalized due to increased foot traffic and inbound tourism, and signs of a moderate recovery emerged. However, the outlook remains uncertain due to the prolonged situation in Ukraine, the weakening yen, and rising prices.」

「During the cumulative third quarter period, Japan’s economy is expected to recover, supported in part by the effects of various government policies under the “with-COVID” environment. However, with global monetary tightening and other factors continuing, a downturn in overseas economies poses a downside risk to Japan’s economy, and close attention must be paid to the effects of rising prices, supply constraints, fluctuations in financial and capital markets, and infection trends in China.」

「During the cumulative second quarter period, Japan’s economy recovered moderately, supported in part by the effects of various government policies as the transition to a new phase of living with COVID-19 progressed. However, with global monetary tightening and other factors continuing, a downturn in overseas economies poses a downside risk to Japan’s economy, and close attention must be paid to the effects of rising prices, supply constraints, and fluctuations in financial and capital markets.」

「During the cumulative first quarter period, Japan’s economy began to show signs of recovery as economic and social activity normalized following measures to prevent the spread of COVID-19, but the trend of rising infections has emerged and the situation remains unpredictable. In addition, amid concerns over the prolonged situation in Ukraine and restrictions on economic activity in China, close attention must be paid to downside risks arising from higher raw material prices, supply constraints, and fluctuations in financial and capital markets.」

「During the cumulative third quarter period, Japan’s economy continued on a moderate recovery path, although exports remained somewhat weak, supported by the effects of various government policies amid continued improvement in employment and income conditions. However, it remains unstable due to developments surrounding trade issues, the outlook for the Chinese economy, trends in overseas economies including the UK’s withdrawal from the EU, fluctuations in financial and capital markets, and uncertainty over consumer sentiment following the consumption tax increase.」

「During the cumulative second quarter period, Japan’s economy remained weak, particularly in exports, although employment and income conditions continued to improve and the economy continued to recover moderately. However, it remains unstable due to uncertainty over the outlook for the Chinese economy and overseas economic trends and policies, rising crude oil prices, and fluctuations in financial and capital markets.」

「During the cumulative first quarter period, Japan’s economy continued to recover moderately, supported by the effects of various government policies amid continued improvement in employment and income conditions. However, it remains unstable due to uncertainty over the outlook for the Chinese economy and overseas economic trends and policies.」

「Although Japan's economy continued to recover moderately during the current consolidated fiscal year, supported by improved corporate earnings and employment conditions, it remained in an uncertain environment amid concerns about the impact of rising geopolitical risks overseas, including U.S. policy developments and the situation in North Korea.」

「During the cumulative third quarter period, Japan’s economy continued to recover moderately, with employment and income conditions continuing to improve. However, it remains unstable due to the unstable international situation surrounding overseas economies and the impact of financial and capital markets.」

「During the cumulative second quarter period, Japan’s economy continued to recover moderately, with employment and income conditions continuing to improve. However, it remains unstable due to the unstable international situation surrounding overseas economies, particularly the US economy, and the impact of financial and capital markets.」

「Japan's economy continued to recover moderately during the first quarter of the current consolidated cumulative period, supported by continued improvements in employment and income conditions and the effects of various policies. However, it remained unstable due to the impact of an unstable international situation in overseas economies, particularly the U.S., and financial and capital markets.」

「Although Japan's economy continued to recover moderately during the current consolidated fiscal year, supported by improved corporate earnings and employment conditions, it remained in an uncertain environment amid concerns about the impact of rising geopolitical risks overseas, including U.S. policy developments and the situation in North Korea.」

「The economy remained in an uncertain environment amid concerns about the impact of rising geopolitical risks overseas, including U.S. policy developments and the situation in North Korea.」