Uncertainty in Overseas Economies Due to Trade Issues and Policy Developments in Europe and the United States

「先行きについては、雇用・所得環境の改善を背景とした各種政策の効果により、緩やかな回復を支えることが期待されますが、緊迫化する中東情勢や米国の通商政策の動向、海外景気の下振れ懸念など、世界情勢の変化が国内景気に与える影響を引き続き注視する必要があります。」

「During the interim consolidated accounting period, the Japanese economy recovered gradually, although the impact of US trade policy and other factors remained. Looking ahead, improvements in employment and income conditions and the effects of various policies are expected to support a gradual recovery, but it is necessary to closely monitor the impact of changes in the global situation, including developments surrounding US trade policy and the impact of the increasingly tense situation in the Middle East on crude oil prices, on domestic economic conditions.」

「Looking ahead, improvements in employment and income conditions and the effects of various policies are expected to support a gradual recovery, but in addition to the risk of higher crude oil prices, we need to closely monitor the effects of changes in the global situation and diplomatic concerns on the domestic economy.」

「During the consolidated fiscal year, the Japanese economy recovered gradually, although the impact of US trade policy and other factors was evident, particularly in the automobile industry. Looking ahead, improvements in employment and income conditions and the effects of various policies are expected to support a gradual recovery, but it remains necessary to pay close attention to the downside risk to the economy from the impact of US trade policy.」

「However, looking ahead, concerns have arisen over the impact on corporate activity of developments in US trade policy, concerns over the outlook for the Chinese economy, and energy-market instability resulting from geopolitical risks in the Middle East. It is also necessary to monitor the possibility that these factors could increase downside risks to the economy, that continued domestic price increases could lead to a further deterioration in consumer sentiment, and the impact of volatility in financial and capital markets.」

「However, close attention must be paid to the impact of global monetary tightening, concerns over the outlook for the Chinese economy and the resulting risk that a downturn in overseas economies could weigh on Japan's economy, as well as higher prices, the situation in the Middle East and volatility in financial and capital markets.」

「However, it is necessary to pay close attention to the risk that a downturn in overseas economies, including the impact of continued high interest rates in the US and Europe and concerns over the outlook for the Chinese economy, could weigh on the Japanese economy, as well as the impact of rising prices, developments in the Middle East and volatility in financial and capital markets.」

「However, close attention must be paid to the impact of global monetary tightening, concerns over the outlook for the Chinese economy and the resulting risk that a downturn in overseas economies could weigh on Japan's economy, as well as higher prices, the situation in the Middle East and volatility in financial and capital markets.」

「However, close attention must be paid to the impact of global monetary tightening, concerns over the outlook for the Chinese economy and the resulting risk that a downturn in overseas economies could weigh on Japan's economy, as well as higher prices, the situation in the Middle East and volatility in financial and capital markets.」

「However, it is necessary to pay close attention to the risk that a downturn in overseas economies, including the impact of global monetary tightening and concerns over the outlook for the Chinese economy, could weigh on the Japanese economy, as well as the impact of rising prices and volatility in financial and capital markets.」

「However, as global monetary tightening and other factors continue, it is necessary to pay close attention to the risk that a downturn in overseas economies could weigh on the Japanese economy, as well as the impact of rising prices and volatility in financial and capital markets.」

「However, as global monetary tightening continues, it is necessary to pay close attention to downside risks arising from rising prices, supply-side constraints and volatility in financial and capital markets.」

「However, as global monetary tightening continues, it is necessary to pay close attention to downside risks arising from volatility in financial and capital markets, developments in infections in China, rising prices and supply-side constraints.」

「However, as global monetary tightening continues, it is necessary to pay close attention to downside risks arising from volatility in financial and capital markets, rising prices and supply-side constraints.」

「However, amid concerns over the prolonged situation in Ukraine and the impact of restrictions on economic activity in China, it is necessary to pay close attention to downside risks from higher raw material prices, supply-side constraints and volatility in financial and capital markets.」

「However, amid uncertainty arising from the situation in Ukraine and other factors, it is necessary to pay close attention to downside risks from higher raw material prices and volatility in financial and capital markets, while also closely monitoring the impact of infectious diseases.」

「Meanwhile, it is necessary to closely monitor the impact of the spread of variants on domestic and overseas economies and the impact of volatility in financial and capital markets.」

「During the cumulative third quarter, the Japanese economy remained in a difficult situation due to the impact of COVID-19. Although measures to prevent the spread of infection were implemented and vaccinations promoted, and the effects of various policies and improvements in overseas economies were observed, the outlook for the impact on domestic economic conditions and corporate earnings remained uncertain. It is also necessary to closely monitor developments in infectious diseases in Japan and overseas and the impact of volatility in financial and capital markets.」

「During the cumulative second quarter, the Japanese economy remained in a difficult situation due to the impact of COVID-19. Although measures to prevent the spread of infection were implemented and vaccinations promoted, and the effects of various policies and improvements in overseas economies were observed, the outlook for the impact on corporate earnings remained uncertain. It is also necessary to closely monitor developments in infectious diseases in Japan and overseas and the impact of volatility in financial and capital markets.」

「Meanwhile, the economic outlook remains uncertain due to factors including developments surrounding trade issues, the outlook for the Chinese economy, overseas economic developments such as the UK's withdrawal from the EU, and the impact of volatility in financial and capital markets.」

「Meanwhile, the outlook remains uncertain due to factors including the impact of developments in trade issues on the global economy, uncertainty over the outlook for the Chinese economy and overseas economic and policy developments, rising crude oil prices, and volatility in financial and capital markets.」

「Meanwhile, the outlook remains uncertain due to factors including the impact of developments in trade issues on the global economy, uncertainty over the outlook for the Chinese economy and overseas economic and policy developments, and the impact of volatility in financial and capital markets.」

「Meanwhile, the outlook remains uncertain overseas due to the prolonged trade issues and uncertainty in overseas economies.」

「Meanwhile, although stable economic growth has continued overseas, concerns remain over factors including trade friction resulting from the United States' protectionist trade policies and rising geopolitical risks worldwide, and the outlook remains uncertain.」

「Meanwhile, overseas economies remain uncertain, with the outlook continuing to be unclear due to developments in trade issues and US and European policy developments.」