Uncertainty in Overseas Economies and Volatility in Financial and Capital Markets

「During the current interim consolidated accounting period, Japan's economy was recovering moderately. Although the impact of US trade policy was particularly evident in the automotive industry, signs of a recovery in private consumption and improving employment conditions were observed.」

「During the current interim consolidated accounting period, a moderate recovery in Japan's economy is expected, supported by improving employment and income conditions and the effects of various policies. However, a downturn in overseas economies associated with continued high interest rates in the United States and Europe and the prolonged stagnation of China's real estate market poses a risk of putting downward pressure on Japan's economy, and close attention is required to the impact of rising prices, the situation in the Middle East and volatility in financial and capital markets.」

「During the first nine months of the current consolidated fiscal year, a moderate recovery in Japan's economy is expected to continue, supported by improving employment and income conditions and the effects of various policies. However, a downturn in overseas economies associated with global monetary tightening and concerns about the future of the Chinese economy poses a risk of putting downward pressure on the economy.」

「During the first six months of the current consolidated fiscal year, a moderate recovery in Japan's economy is expected, partly as a result of various policies. However, a downturn in overseas economies associated with global monetary tightening and other factors, as well as concerns about the future of the Chinese economy, poses a risk of putting downward pressure on Japan's economy, and close attention is required to the impact of rising prices and volatility in financial and capital markets.」

「During the first nine months of the current consolidated fiscal year, Japan's economy was becoming increasingly difficult despite continued moderate recovery as social and economic activity gradually normalized, amid concerns about a global recession caused by soaring global energy and food prices and monetary tightening in the United States and Europe.」

「However, a downturn in overseas economies associated with global monetary tightening and other factors poses a risk of putting downward pressure on Japan's economy, and close attention is required to the impact of rising prices, supply-side constraints and volatility in financial and capital markets.」

「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery from the COVID-19 pandemic, but downside risks increased due to factors including soaring crude oil prices accompanying the deterioration of the situation in Ukraine.」

「Regarding the outlook for Japan's economy, a continued recovery is expected as measures to prevent the spread of COVID-19 are implemented, supported by the effects of various policies and improvements in overseas economies. However, close attention is required to the increasing downside risk from the spread of infections in Japan and overseas, and the impact of volatility in financial and capital markets must also be closely monitored.」

「During the first nine months of the current consolidated fiscal year, Japan's economy remained on a moderate recovery track. Although the outlook for overseas economies, including the political situations in the United States and Europe and the future of the Chinese economy, as well as trade issues and trends in financial markets, were causes for concern, exports remained weak and weakness, particularly in manufacturing, intensified. Employment and income conditions continued to improve as a result of the government's various economic measures, capital investment showed a moderate upward trend, and private consumption recovered.」

「During the first six months of the current consolidated fiscal year, Japan's economy remained on a moderate recovery track. Although uncertainty concerning overseas economies, including the outlook for the Chinese economy, overseas economic trends and related policies, trade issues and trends in financial markets were causes for concern, exports and production remained weak. However, employment and income conditions continued to improve as a result of the government's various economic measures, capital investment showed a moderate upward trend, and private consumption recovered.」

「During the first nine months of the current consolidated fiscal year, Japan's economy remained on a moderate recovery track. Although uncertainty in overseas economies, including the political situations in the United States and Europe and emerging Asian economies such as China, trade issues and trends in financial markets were causes for concern, employment and income conditions continued to improve as a result of the government's various economic measures, while capital investment and production increased moderately and private consumption recovered.」

「During the first six months of the current consolidated fiscal year, Japan's economy remained on a moderate recovery track. Although uncertainty in overseas economies, including the political situations in the United States and Europe and emerging Asian economies such as China, trade issues and trends in financial markets were causes for concern, employment and income conditions continued to improve as a result of the government's various economic measures, while capital investment and production increased moderately and exports and private consumption recovered.」

「During the first quarter of the current consolidated fiscal year, Japan's economy remained on a moderate recovery track. Although uncertainty in overseas economies, including the political situations in the United States and Europe and emerging Asian economies such as China, and trends in financial markets were causes for concern, employment and income conditions continued to improve as a result of the government's various economic measures, while capital investment and production increased moderately and exports and private consumption recovered.」

「Given developments in policies in the United States, China and Europe, among others, close attention is required to the impact of uncertainty in overseas economies and volatility in financial and capital markets, and the outlook remains uncertain.」

「During the first nine months of the current consolidated fiscal year, Japan's economy remained on a moderate recovery track. Although uncertainty in overseas economies, including the political situations in the United States and Europe and emerging Asian economies such as China, and volatility in financial and capital markets were causes for concern, employment and income conditions continued to improve as a result of the government's various economic measures, while capital investment and production increased moderately and exports and private consumption recovered.」

「During the first quarter of the current consolidated fiscal year, Japan's economy remained on a moderate recovery track. Although uncertainty in overseas economies, including the political situations in the United States and Europe and emerging Asian economies such as China, and volatility in financial and capital markets were causes for concern, employment and income conditions continued to improve as a result of the government's various economic measures, while exports, production and private consumption also recovered.」

「Given the impact of uncertainty in overseas economies and volatility in financial and capital markets arising from issues including the UK's withdrawal from the EU and policies of the new US administration, close attention is required, and the outlook remains uncertain.」