Uncertainty over the outlook due to personal consumption, foreign exchange rates, stock prices, and economic slowdown

「Meanwhile, uncertainty over the outlook persists, including the prolonged depreciation of the yen and surging raw material and energy prices, because of the deteriorating situation in the Middle East, weakness in the Chinese economy, U.S. policy trends, and other factors.」

「Meanwhile, the economic outlook remains uncertain because of rising consumer prices, the impact of U.S. trade policy, weakness in the Chinese economy, the prolonged war in Ukraine, and heightened tensions in the Middle East.」

「The economic outlook remains uncertain amid the escalating Israel-Palestine conflict, social instability caused by the prolonged situation in Ukraine, continued surging prices centered on energy-related items, and global monetary tightening.」

「Looking at the economic environment during the six months ended the second quarter of the current consolidated fiscal year, the economy was moving toward normalization of social and economic activity as the risk of severe illness from COVID-19, which had had a major impact for approximately three years, came under control. However, the economy remained short of a full-scale recovery because of the impact of surging prices, particularly energy prices. Social and economic conditions remained extremely uncertain, including because of geopolitical risks stemming from the conflict in Europe.」

「During the three months ended the first quarter of the current consolidated fiscal year, Japan's economy was moving toward normalization of social and economic activity as the risk of severe illness from COVID-19, which had had a major impact for approximately three years, came under control. However, the economy remained short of a full-scale recovery because of the impact of surging prices, particularly energy prices. Social and economic conditions remained extremely uncertain, including because of geopolitical risks stemming from the conflict in Europe.」

「During the nine months ended 31 December 2022 (1 April 2022 to 31 December 2022), Japan's economy was expected to recover as economic activity resumed with improvements in the COVID-19 situation and the easing of restrictions on activities. However, uncertainty over the outlook persisted because of the prolonged Russia-Ukraine situation, globally elevated raw material and consumer prices, the depreciation of the yen, and other factors.」

「During the six months ended 30 September 2022 (1 April 2022 to 30 September 2022), Japan's economy was expected to recover as economic activity resumed with improvements in the COVID-19 situation and the easing of restrictions on activities. However, uncertainty over the outlook persisted because of the prolonged Russia-Ukraine situation, globally elevated raw material prices, and the depreciation of the yen.」

「Meanwhile, downside risks to the economy have increased because of the prolonged Russia-Ukraine situation and surging raw material prices resulting from the rapid depreciation of the yen, and uncertainty over the outlook persists. The recent sharp increase in COVID-19 cases has also become a new concern.」

「However, the outlook remains extremely uncertain because of rising infections from new COVID-19 variants, surging raw material prices, and supply chain constraints.」

「The number of new COVID-19 cases was trending down as vaccination became more widespread, and signs of recovery in economic activity emerged. However, the economic outlook remained extremely uncertain because of the impact on global supply chains, concerns over a sixth wave of infections, and surging crude oil prices.」

「During the three months ended the first quarter of the current consolidated fiscal year, Japan's economy was moving toward normalization of social and economic activity as the resurgence of COVID-19 led to renewed declarations of a state of emergency and the implementation of priority preventive measures in some regions. Requests to refrain from going out to limit the movement of people and the closure of restaurants had a significant impact. Although consumption of some goods and services expanded, personal consumption remained sluggish overall, signs of a full-scale economic recovery were weak, and the outlook remained extremely uncertain.」

「The economy is deteriorating rapidly and the outlook is extremely uncertain as personal consumption has declined significantly, affected by requests to refrain from going out under the state of emergency declared in response to the spread of COVID-19 and requests for retailers and restaurants to suspend operations.」

「The economy is deteriorating rapidly and the outlook is extremely uncertain as personal consumption has declined significantly, affected by requests to refrain from going out under the state of emergency declared in response to the spread of COVID-19 and requests for retailers and restaurants to suspend operations.」

「Meanwhile, the spread of COVID-19 has had a serious impact on the business activities of domestic companies, casting a major shadow over the economy.」

「During the six months ended the second quarter of the current consolidated fiscal year, Japan's economic outlook remained uncertain because of the prolonged trade friction between the United States and China and deteriorating Japan-South Korea relations.」

「During the nine months ended the first quarter of the current consolidated fiscal year, Japan's economy remained generally firm, supported by improvements in corporate capital investment and other factors. However, the outlook for economic conditions remained uncertain, including because of U.S.-China trade friction.」

「During the current consolidated fiscal year, Japan's economy faced persistent uncertainty over its outlook, with long-term concerns about a slowdown in the global economy and unpredictable volatility in the foreign exchange and equity markets resulting from the UK's withdrawal from the EU, the change of administration in the United States and other factors.」

「Overseas, the outlook for economic conditions has become uncertain, with concerns that the policies of the new U.S. administration and the United Kingdom's withdrawal from the EU in Europe could affect Japan as well.」

「The company remains in an uncertain environment, owing to sluggish personal consumption, the yen's appreciation since the beginning of the year, falling share prices, and concerns over economic slowdowns in Japan and overseas.」