Japan’s gradual economic recovery driven by improving employment and income conditions and recovering personal consumption
First written in FY2018-Q3. 7 of 19 entries say "Restated". Latest entry: FY2025.
Hodogaya Chemical moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 23 of 55 companies on the "Worse" side.
11 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「During the fiscal year, the Japanese economy showed a gradual recovery, supported by a recovery in private consumption resulting from improved employment and income conditions and a recovery in inbound demand. Meanwhile, persistently high resource prices associated with instability in the international situation, continued yen depreciation in the foreign exchange market, and rising prices due to advancing inflation affected companies' cost structures.」
While the domestic economy showed a recovery trend driven by private consumption and inbound demand, the description became more specific regarding the impact of resource prices, yen depreciation, and inflation on corporate costs. - FY2024-Q2RestatedAnnual report
「Japan's economy was on a gradual recovery track due to the recovery from the COVID-19 pandemic, but the outlook remained uncertain because energy prices remained high, the yen depreciated rapidly, and prices rose as a result, amid continuing instability in the international situation.」
While the domestic economy is described as being on a moderate recovery trend due to the recovery from the COVID-19 pandemic, uncertainty about the outlook continues due to energy prices, yen depreciation, and rising prices. - FY2024-Q1SoftenedAnnual report
「Japan's economy during the first quarter of the fiscal year was on a gradual recovery trend due to recovery from the COVID-19 pandemic and other factors. However, uncertainty about the outlook has continued due to the ongoing impact of global monetary tightening, including persistently high energy prices and the depreciation of the yen.」
The description of the domestic economy improved from the previous heightened uncertainty associated with concerns about inflation and declining demand to a moderate recovery trend driven by the recovery from the COVID-19 pandemic. However, uncertainty about the outlook continues. - FY2023-Q3WorsenedAnnual report
「As concerns over global inflation spread, demand also declined as consumption was restrained, further increasing uncertainty.」
While signs of a recovery in economic activity emerged, uncertainty about the outlook increased further due to concerns about inflation and declining demand associated with restrained consumption. - FY2022WorsenedAnnual report
「Uncertainty about the outlook continues due to soaring raw material and fuel prices, disruptions to global maritime transport, and rising geopolitical risks associated with, among other factors, Russia's invasion of Ukraine.」
While the domestic economy showed signs of recovery, additional sources of uncertainty emerged, including soaring raw material and fuel prices, disruptions to maritime transport, and Russia's invasion of Ukraine. - FY2022-Q3SoftenedAnnual report
「In Japan, the economy has been recovering due to the recovery trend in business performance, particularly in manufacturing, and the growing effects of COVID-19 vaccines. However, uncertainty about the outlook continues as infections involving mutant strains are increasing rapidly, while raw material and fuel prices are surging and concerns about inflation persist.」
While a recovery in the domestic economy has emerged, uncertainty about the outlook continues due to the sharp increase in infections involving mutant strains, soaring raw material and fuel prices, and concerns about inflation. - FY2022-Q2RestatedAnnual report
「Meanwhile, in Japan, exports, particularly of manufactured goods, and capital investment continued to recover, and expectations for a further economic recovery grew as vaccinations progressed. However, uncertainty about the outlook continues.」
While a recovery trend in exports and capital investment and expectations for an economic recovery were identified, uncertainty about the outlook for the domestic economy continues. - FY2022-Q1SoftenedAnnual report
「In Japan, exports, particularly of manufactured goods, and capital investment continued to recover, and expectations for a further economic recovery grew as vaccinations progressed. However, uncertainty about the outlook continues due to the impact of the resurgence of COVID-19, including the issuance of states of emergency and the implementation of priority measures to prevent the spread of the disease.」
While a recovery trend in exports and capital investment and expectations for a recovery driven by vaccinations were identified, uncertainty about the outlook continues due to the resurgence of infections and restrictions on activity. - FY2021-Q3WorsenedAnnual report
「Economic activity gradually resumed in Japan and signs of a recovery emerged, but infections spread again nationwide toward year-end, and uncertainty about the outlook continues.」
The domestic economy showed temporary signs of recovery, but infections resurged at year-end and uncertainty about the outlook continues. - FY2021-Q2SoftenedAnnual report
「Meanwhile, the Japanese economy remains in a challenging situation, with economic and social activity restricted and the economy slowing sharply, although signs of a bottoming out have emerged in some areas.」
The domestic economy remains challenging and is still slowing sharply, although the description has shifted to indicate signs of a bottoming out in some areas. - FY2021-Q1WorsenedAnnual report
「Meanwhile, the Japanese economy slowed sharply as the spread of COVID-19, including the issuance of a state of emergency, restricted economic and social activity.」
The description of the domestic economy has shifted from the previous expectation of a challenging environment to an account of the actual impact of the spread of the infection and the state of emergency, including restrictions on economic and social activity and a sharp economic slowdown. - FY2020-Q3RestatedAnnual report
「As described above, while uncertainty surrounding the economies of various countries is increasing, Japan's economy is expected to face a challenging environment amid concerns over escalating US-China trade friction, export restrictions on South Korea, geopolitical risks, and the risk of a stronger yen.」
The description of the domestic economy continues to anticipate a challenging environment against a backdrop of uncertainty in the external environment, export restrictions, geopolitical risks, and yen appreciation, among other factors. - FY2020-Q2RestatedAnnual report
「As described above, while uncertainty surrounding the economies of various countries is increasing, Japan's economy is expected to face a challenging environment due to escalating US-China trade friction, the impact of export restrictions on South Korea, geopolitical risks in the Middle East and elsewhere, the risk of a stronger yen, and concerns over a decline in domestic consumption following the consumption tax increase.」
The description of the domestic economy continues to anticipate a challenging environment against a backdrop of uncertainty in the external environment, export restrictions, geopolitical risks, yen appreciation, and concerns about consumption after the consumption tax increase. - FY2020-Q1WorsenedAnnual report
「As uncertainty surrounding the economies of various countries has increased, Japan's employment and income environment has continued to improve, but weakness in exports and production remains a concern. Going forward, the environment is expected to remain difficult due to the intensification of the US-China trade war, the impact of export controls on South Korea, geopolitical risks in the Middle East and South America, the risk of yen appreciation, and the increase in the consumption tax rate.」
The description has shifted from the previous moderate recovery trend in the domestic economy to one that anticipates a challenging environment ahead, against a backdrop of weak exports and production and multiple external factors. - FY2019WorsenedAnnual report
「Meanwhile, the Japanese economy began to slow due to slower exports to China as a result of the impact of US-China trade friction and persistently high raw material and fuel prices.」
The description has shifted from the previous moderate recovery trend to a slowing economy against a backdrop of US-China trade friction and persistently high raw material and fuel prices. - FY2019-Q3RestatedAnnual report
「Meanwhile, the Japanese economy remained on a moderate recovery trend, supported by solid corporate earnings and improved employment and income conditions.」
The domestic economy continues on a moderate recovery trend, supported by corporate earnings and improved employment and income conditions. - FY2019-Q2RestatedAnnual report
「Meanwhile, the Japanese economy continued on a moderate recovery trend, supported by a recovery in private consumption against a backdrop of improved employment and income conditions and solid corporate earnings.」
The domestic economy continues on a moderate recovery trend, supported by improved employment and income conditions, a recovery in private consumption, and corporate earnings. - FY2019-Q1RestatedAnnual report
「Meanwhile, the Japanese economy continued on a moderate recovery trend, supported by a recovery in private consumption against a backdrop of improved employment and income conditions and solid corporate earnings.」
The domestic economy continues on a moderate recovery trend, supported by improved employment and income conditions, a recovery in private consumption, and corporate earnings. - FY2018-Q3First statedAnnual report
「Meanwhile, the Japanese economy continued on a moderate recovery trend as private consumption gradually recovered amid continued improvement in employment and income conditions.」
A moderate recovery trend in the domestic economy, underpinned by improved employment and income conditions and a recovery in private consumption, is newly described.