Trade friction and downside economic risk from U.S. protectionist trade policy
First written in FY2019-Q2. 4 of 7 entries say "Restated". Latest entry: FY2026.
Baroque Japan Limited moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
65 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The outlook remains uncertain due to the prolonged geopolitical risks, continued inflation caused by soaring energy costs, and the impact of US trade policy, among other factors.」
Risks related to overseas conditions and an economic downturn, including US trade policy, continue alongside geopolitical risks and energy costs. - FY2020RestatedAnnual report
「Overseas, various uncertainties remain, including tensions over US-China trade issues and the UK's withdrawal from the EU. In addition, the global spread of COVID-19 has increased uncertainty throughout the global economy.」
Tensions over US-China trade issues and uncertainty surrounding the global economy continue to be disclosed. - FY2020-Q3RestatedAnnual report
「Overseas, various uncertainties remain, including tensions over trade issues, the outlook for China's economy, and the course of the UK's withdrawal from the EU, requiring continued close monitoring.」
Uncertainty in the global economy caused by trade issues, along with the outlook for the Chinese economy and the UK's EU withdrawal issue, continues to be identified as an external-environment risk. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the consolidated cumulative period (1 March 2019 to 31 August 2019), domestic demand, including personal consumption, capital investment and public investment, remained relatively firm. However, the outlook for the economy became uncertain as the global economy generally lacked momentum amid growing uncertainty over US trade policy and other factors.」
The disclosure states that uncertainty increased against the backdrop of US trade policy and other factors, the global economy generally lacked momentum, and the economic outlook became uncertain. - FY2020-Q1RestatedAnnual report
「Meanwhile, persistent uncertainty caused by US-China trade friction raises concerns that downturns in the US and Chinese economies could spread to the global economy.」
Concerns that US-China trade friction and downturns in the US and Chinese economies could spread to the global economy continue to be identified as external-environment risks. - FY2019-Q3MaterialisedAnnual report
「Meanwhile, looking at the global economy, the protectionist trade policies of the US Trump administration have developed into trade friction, raising concerns that they could weaken Japan's economic outlook.」
The previous disclosure described the possibility of trade friction developing, whereas this disclosure states that trade friction has actually developed. - FY2019-Q2First statedAnnual report
「Meanwhile, looking at the global economy, the protectionist trade policies of the US Trump administration could develop into trade friction, raising concerns that they could weaken Japan's economic outlook.」
The Company identified for the first time the risk to the external environment that US protectionist trade policies could develop into trade friction and weaken Japan's economic outlook.