Uncertainty in overseas economies and volatility in financial and capital markets

「However, in addition to future price trends and US trade policy, the increasingly tense situation in the Middle East poses a risk of weighing on the economy. Close attention needs to be paid to the impact of measures taken by the government and other factors, as well as to the impact of volatility in the financial and capital markets.」

「Continued inflation is weakening consumer sentiment and, together with the impact of US policy developments, poses a risk of weighing on Japan's economy. Close attention also needs to be paid to the impact of volatility in the financial and capital markets.」

「During the fiscal year, Japan's economy was expected to recover gradually on improving employment and income conditions and increased inbound demand. However, the situation in Ukraine and record yen depreciation kept raw material prices and inflation rising, causing personal consumption growth to slow. In addition, downside risks to overseas economies, including concerns about US monetary policy and the prolonged stagnation of the Chinese economy, posed a risk of weighing on Japan's economy, while close attention also needed to be paid to the situation in the Middle East and volatility in the financial and capital markets.」

「During the six months ended, Japan's economy was expected to continue its gradual recovery as employment and income conditions improved and various policies took effect. However, downside risks to overseas economies, including the impact of global monetary tightening and concerns about the outlook for the Chinese economy, posed a risk of weighing on Japan's economy, and close attention needed to be paid to the impact of inflation, the situation in the Middle East, and volatility in the financial and capital markets.」

「During the three months ended, Japan's economy was expected to continue its gradual recovery as employment and income conditions improved and various policies took effect. However, downside risks to overseas economies, including the impact of global monetary tightening and concerns about the outlook for the Chinese economy, posed a risk of weighing on Japan's economy, and close attention needed to be paid to the impact of inflation, the situation in the Middle East, and volatility in the financial and capital markets.」

「During the fiscal year, socioeconomic activity in Japan was moving toward normalization following the reclassification of COVID-19 as a Class 5 infectious disease, and employment and income conditions were also improving. However, soaring raw material prices and labor shortages, among other factors, were affecting inflation and consumer spending, while downside risks to overseas economies and volatility in the financial and capital markets required close attention, leaving the outlook uncertain.」

「During the nine months ended, Japan's economy remained uncertain despite progress toward normalization of socioeconomic activity following the easing of restrictions after COVID-19 was reclassified as a Class 5 infectious disease, as inflation continued due to various factors, including the situation in Ukraine, soaring raw material prices, and labor shortages.」

「During the three months ended, Japan's economy was expected to recover, supported by the easing of COVID-19-related restrictions and the effects of various policies. However, continued attention needs to be paid to the impact of overseas monetary policy, inflation, supply constraints, volatility in the financial and capital markets, and infection trends in neighboring countries.」

「During the nine months ended, Japan's economy was expected to recover as socioeconomic activity normalized alongside progress in COVID-19 vaccinations and the effects of various policies. However, amid uncertainty arising from the situation in Ukraine and other factors, close attention needs to be paid to the impact of rising raw material prices, supply constraints, and volatility in the financial and capital markets.」

「During the three months ended, Japan's economy was expected to continue recovering, supported by socioeconomic activity progressing toward normalization through measures to prevent the spread of COVID-19 and the effects of various policies. However, with the emergence of variants and the global spread of the disease, there is still no clear prospect of containment. Economic recovery still appears likely to take considerable time, and close attention needs to be paid to the impact of infection trends on domestic and overseas economies and to the impact of volatility in the financial and capital markets.」

「However, although economic recovery still appears likely to take considerable time, close attention needs to be paid to the impact of infection trends on domestic and overseas economies and to the impact of volatility in the financial and capital markets.」

「During the nine months ended, Japan's economy remained in a difficult situation as COVID-19 had a major impact on society, but a recovery was expected to continue, supported by socioeconomic activity conducted with measures to prevent the spread of infection, the effects of various policies, and improvements in overseas economies. However, sufficient attention needs to be paid to the impact of infection trends on domestic and overseas economies, as well as to the impact of volatility in the financial and capital markets.」

「However, close attention needs to be paid to the risk that concerns about a fourth wave of infections and other factors may pose to future socioeconomic activity, as well as to the impact of volatility in the financial and capital markets.」

「However, close attention needs to be paid to the impact of the risk posed by a resurgence of infectious disease on socioeconomic activity and to volatility in the financial and capital markets.」

「Although the state of emergency was lifted nationwide on 25 May, the outlook remains extremely uncertain amid concerns about a second wave of infections.」

「During the six months ended, Japan's economy was expected to remain in a difficult situation due to the decline in consumer sentiment following the consumption tax increase, international developments requiring close attention, and the impact of the spread of COVID-19 on the economy.」

「However, the outlook remains uncertain due to the impact of consumer sentiment following the October 2019 consumption tax increase, developments in overseas economies, including US-China trade issues and the UK's withdrawal from the EU, and volatility in the financial and capital markets.」

「However, the outlook remains uncertain due to developments in trade issues, including US-China trade friction, and uncertainty surrounding overseas economies and policy.」

「However, the outlook remains uncertain due to the impact of developments in trade issues on the global economy, uncertainty in overseas economies, and volatility in the financial and capital markets.」

「However, conditions also remained such that attention needed to be paid to uncertainty in overseas economies, including developments in trade issues and the outlook for the Chinese economy.」

「During the first three months of the fiscal year, Japan's economy was expected to continue its gradual recovery, led by improvements in employment and income conditions, although concerns remained regarding developments in overseas trade issues and the economic outlook.」

「During the fiscal year, Japan's economy was expected to continue its gradual recovery, led by improvements in employment and income conditions, although concerns remained regarding developments in overseas trade issues and the economic outlook.」

「The outlook remains uncertain due to the impact of uncertainty in overseas economies and volatility in the financial and capital markets.」