Uncertainty in Global Affairs Resulting from Policies under the New US Administration and European Presidential Elections
First written in FY2017-Q3. 17 of 25 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2027-H1.
Moresco 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.
76 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「However, if the surge in crude oil prices associated with escalating tensions in the Middle East continues for an extended period, there are concerns that it could lead to a global economic downturn, and the outlook remains uncertain.」
The stated sources of uncertainty for overseas economies were escalating tensions in the Middle East and concerns that prolonged crude oil price inflation could cause a global economic downturn. - 2026-05-01WorsenedGeneral Meetings of Shareholders
「In addition, the use of military force by the U.S. administration against Venezuela and Iran has raised concerns that elevated crude oil prices may persist, and the economic outlook remains uncertain.」
In addition to U.S. tariff policies, concerns were expressed that military action could prolong elevated crude oil prices. - FY2026-H1WorsenedAnnual report
「In the global economy, concerns include the negative impact of US tariff policies, China's economic slowdown and higher resource prices stemming from the war in Ukraine and the unstable situation in the Middle East. The economic outlook is expected to remain uncertain.」
The negative impact of U.S. tariff policy on the global economy, together with concerns over higher resource prices resulting from the war in Ukraine and conditions in the Middle East, has increased uncertainty in the global situation. - FY2025-H1WorsenedAnnual report
「In the global economy, inflationary pressures persist, while concerns about a worsening economic downturn are emerging in the US. In China, falling prices and the delayed recovery in consumption continue, and factors contributing to an uncertain outlook remain.」
Regarding overseas economies, growing concerns over a U.S. recession have been newly identified, while falling prices and a delayed recovery in consumption in China also persist, increasing uncertainty over the outlook. - FY2025-Q1RestatedAnnual report
「In the global economy, inflationary pressures persist, while expectations for interest-rate cuts in the US have receded. Although China's economy is on a recovery trend, falling prices and delayed recovery in consumption continue, and factors contributing to an uncertain outlook remain.」
Changes in the outlook for U.S. monetary policy and China's falling prices and delayed recovery in consumption have been identified, while uncertainty in the global economy continues to be cited. - FY2024-Q3WorsenedAnnual report
「In the global economy, inflation has been moderating, while the effects of monetary tightening are becoming apparent in the U.S. economy and concerns over the outlook for China have emerged due to its property problems and the waning effects of economic stimulus. The yen has begun to reverse its previous depreciation trend as markets anticipate shifts in Japanese and U.S. monetary policy.」
The effects of monetary tightening in the United States, China's property problems and the waning effects of economic stimulus, and a reversal in the direction of exchange rates have been identified in the global economy, continuing and making more specific the existing sources of uncertainty surrounding inflation and monetary policy. - FY2024-Q1WorsenedAnnual report
「In the global economy, inflation has been moderating as a result of rapid monetary tightening, but adverse effects on the economy have also emerged, including the failure of several financial institutions in Europe and the United States.」
While inflation has moderated as a result of rapid monetary tightening, the failure of several financial institutions in Europe and the United States and its adverse economic effects have been newly cited, making global uncertainty more specific. - FY2023-Q3WorsenedAnnual report
「During the nine-month period of the current fiscal year, Japan's economy remained on a recovery trend due in part to a recovery in personal consumption. In the global economy, the prolonged conflict in Ukraine is fueling global inflation. As inflationary pressure became apparent, countries in Europe and the United States shifted toward tighter monetary policy, but in the United States the pace of interest-rate hikes slowed due to expectations of moderating inflation from November onward. Against this monetary backdrop, the dollar-yen exchange rate fluctuated sharply.」
Global inflation caused by the prolonged conflict in Ukraine, monetary tightening in Europe and the United States, and sharp fluctuations in the dollar-yen exchange rate have continued and become more specific as existing sources of uncertainty in overseas economies. - FY2023-Q2RestatedAnnual report
「In the global economy, the prolonged conflict in Ukraine is fueling global inflation. In addition, differences in monetary policy between Japan and the United States have caused the yen to depreciate sharply.」
The company has reaffirmed global inflation caused by the prolonged conflict in Ukraine and the sharp depreciation of the yen caused by differences in Japanese and U.S. monetary policy as sources of uncertainty in overseas economies. - FY2023-Q1WorsenedAnnual report
「In the global economy, the prolonged conflict in Ukraine and lockdowns in China are fueling global inflation. In addition, differences in monetary policy between Japan and the United States have caused the yen to depreciate sharply.」
The prolonged conflict in Ukraine and lockdowns in China have been added as factors contributing to global inflation, while a sharp depreciation of the yen resulting from differences in Japanese and U.S. monetary policy has also been explicitly identified. - FY2022WorsenedAnnual report
「The global economy has also been affected by the Russian invasion of Ukraine. Geopolitical risks have affected the economy, with crude oil prices, which had been around $80 per barrel, temporarily soaring to $130 in March, and political and economic uncertainty becoming increasingly pronounced.」
In addition to the existing U.S.-China relationship and other factors, Russia's invasion of Ukraine and surging crude oil prices have been explicitly identified as new geopolitical and economic sources of uncertainty. - FY2021WorsenedAnnual report
「In the United States, a shift from the Trump administration's America First policy to the Biden administration's multilateral cooperation has become apparent, but tensions between the United States and China continue, making the outlook for the global economy more difficult to assess.」
While noting the change in the U.S. administration, the company assesses that continuing tensions between the United States and China are making the outlook for the global economy more difficult. - FY2020WorsenedAnnual report
「The global economy, which had been weakening since last year due to a slowdown in the Chinese economy and falling crude oil prices, among other effects of U.S.-China trade friction, has now entered a sharp slowdown due to the spread of the novel coronavirus.」
The concern over a global economic slowdown caused by U.S.-China trade friction has been compounded by the sharp slowdown resulting from the spread of the novel coronavirus, increasing uncertainty in overseas economies. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, exports and production continued to decline against a backdrop of a global economic slowdown caused by the impact of US-China trade friction and other factors, while manufacturing earnings remained weak.」
The company continues to cite the slowdown in the global economy and weakness in manufacturing against the backdrop of U.S.-China trade friction as ongoing factors contributing to uncertainty in overseas economies. - FY2020-Q2RestatedAnnual report
「In the global economy, escalating US-China trade friction has led to slower growth in the Chinese economy and had various effects on the global economy.」
The company has continued since the previous quarter to cite concerns over global economic instability resulting from U.S. trade policy and U.S.-China trade friction. - FY2020-Q1WorsenedAnnual report
「In the global economy, escalating US-China trade friction has led to slower growth in the Chinese economy and had various effects on global trade.」
Concerns over U.S. trade policy and U.S.-China trade friction have become more specific as concerns over slower growth in the Chinese economy and effects on global trade. - FY2019WorsenedAnnual report
「As the global economy becomes increasingly unstable due to the rise of protectionism in the United States and the effects of U.S.-China trade friction, uncertainty over the outlook for the global economy is increasing, as reflected in such developments as the beginning of a decline in crude oil prices.」
The effects of U.S.-China trade friction are described as increasing instability in the global economy as a whole and greater uncertainty over the outlook. - FY2019-Q3WorsenedAnnual report
「Overseas economies are becoming increasingly unstable due to factors including the US-China trade war and capital outflows from emerging markets caused by US interest-rate hikes, raising concerns over an economic slowdown ahead.」
The previous concern over U.S. protectionism has been expressed more specifically as instability in overseas economies, accompanied by capital outflows from emerging markets resulting from the U.S.-China trade war and U.S. interest-rate hikes. - FY2019-Q2WorsenedAnnual report
「Overseas economies generally remained resilient, but the global economy is becoming increasingly unstable due to escalating US-China trade friction.」
The previous concern over U.S. protectionism has been expressed more specifically as increasing instability in the global economy as a whole resulting from escalating U.S.-China trade friction. - FY2019-Q1WorsenedAnnual report
「Overseas economies generally remained resilient, but the global economy is becoming increasingly unstable due to the rise of protectionist trade policies in the United States.」
The previous concern over the rise of protectionism has been expressed more specifically as the increasing instability of the global economy as a whole. - FY2018-Q3RestatedAnnual report
「Japan's economy has continued on a moderate recovery trend as exports and production recover, but geopolitical risks and other factors continue to create uncertainty over the outlook.」
The company continues to identify geopolitical risks and other factors as sources of uncertainty over the outlook. - FY2018-Q2ReframedAnnual report
「Japan's economy is on a recovery trend, with exports and production recovering due in part to the effects of monetary policy, but geopolitical risks continue to create uncertainty over the outlook.」
The company has shifted from citing specific factors such as U.S. policy and the Chinese economy to expressing uncertainty over the outlook in broader terms as geopolitical risk. - FY2018-Q1WorsenedAnnual report
「Although Japan's economy is gradually recovering, supported by improvements in corporate earnings and the employment environment, overseas economies remain uncertain due to the rise of protectionism in the United States and concerns over an economic slowdown in China, among other factors.」
The factors contributing to global uncertainty have become more specific, shifting from the policies of the new U.S. administration in general to the rise of protectionism in the United States and concerns over an economic slowdown in China. - FY2017RestatedAnnual report
「The U.S. economy continued to expand, albeit moderately, while China showed signs of recovery in manufacturing due in part to the effects of tax cuts for small cars. However, political and economic conditions in these regions remain uncertain, leaving little room for complacency.」
While describing economic conditions in the United States and China, the company continues to assess their political and economic conditions as uncertain. - FY2017-Q3First statedAnnual report
「However, the outlook for policies following the inauguration of the new U.S. president and the upcoming presidential elections in developed European countries have made the global situation increasingly uncertain.」
The company has for the first time specifically identified policies following the inauguration of the new U.S. president and presidential elections in developed European countries as factors contributing to global uncertainty.