Uncertainty caused by yen appreciation, Brexit and slower growth in emerging markets

「In addition to the effects of continuing inflation, the outlook remains uncertain due to trends in foreign exchange markets and higher raw material and energy prices resulting from the situation in the Middle East.」

「Meanwhile, the outlook remains uncertain due to ongoing price increases and the impact of US trade policy, as well as surging raw material and energy prices resulting from the situation in the Middle East.」

「During the interim consolidated accounting period under review, Japan's economy continued to recover moderately, with signs of a recovery in personal consumption and capital investment amid improving employment and income conditions. However, the outlook remained uncertain due to ongoing price increases, the impact of US trade policy, and prolonged geopolitical risks.」

「During the interim consolidated accounting period under review, Japan's economy continued to recover moderately as socioeconomic activity normalized, supported by improvements in employment and income conditions and increased inbound demand. However, the outlook remained uncertain due to the stagnation of the Chinese economy, heightened geopolitical risks including the situation in the Middle East, and concerns about consumption resulting from global price increases.」

「The Japanese economy during the nine months ended December 31 remained on a gradual recovery trend as social and economic activity normalized following the COVID-19 pandemic. Meanwhile, the outlook remained uncertain due to continued price inflation, instability in Ukraine and the Middle East, the impact of global monetary tightening and weakness in the Chinese economy.」

「During the cumulative second quarter under review, the impact of COVID-19 infections was subsiding and economic activity was normalizing further in Japan. Overseas, however, the outlook remained uncertain due to elevated energy and raw material prices resulting from the prolonged situation in Ukraine, global monetary tightening, and the sluggish Chinese economy.」

「During the cumulative first quarter under review, Japan's economy continued to operate in an uncertain environment. Although COVID-19 was reclassified under the Infectious Diseases Control Law and economic activity normalized, energy and raw material prices remained elevated due to the prolonged situation in Ukraine and other factors, while global inflation drove prices higher and the Chinese economy remained sluggish.」

「During the cumulative third quarter under review, economic activity in Japan was moving toward normalization as restrictions related to COVID-19 were eased. However, the outlook remained uncertain due to elevated energy and raw material prices resulting from the prolonged situation in Ukraine, rising prices caused by global inflation, and declining demand in the Chinese market.」

「During the cumulative second quarter under review, Japan's economy continued to recover moderately as restrictions on activities related to COVID-19 were eased. However, the Chinese economy stagnated under its zero-COVID policy, and the outlook remained uncertain due to the prolonged situation in Ukraine, rapid yen depreciation, and surging energy and raw material prices.」

「During the cumulative first quarter under review, Japan's economy remained uncertain despite progress in easing restrictions on activities related to COVID-19. Concerns about a resurgence of infections caused by variants, China's zero-COVID policy, the prolonged situation in Ukraine, and rapid yen depreciation led to surging energy and raw material prices.」

「Meanwhile, severe conditions continue, including surging energy and raw material prices, and the outlook remains uncertain due to factors such as the worsening situation in Ukraine.」

「Although there are some positive signs, such as rising COVID-19 vaccination rates and the lifting of the state of emergency, the outlook remains uncertain due to growing downside risks to corporate performance, including surging crude oil and raw material prices.」

「During the cumulative first quarter under review, Japan's economy was significantly affected by the stagnation of economic activity caused by the spread of COVID-19. Although vaccinations against COVID-19 had begun, uncertainty about the timing of containing the spread remained, uncertainty about the outlook was high, and concerns persisted that the impact on corporate performance would be prolonged.」

「During the cumulative third quarter under review, Japan's economy was in an extremely severe condition as economic activity stagnated due to the spread of COVID-19 infections. In addition, as the timing of containment remained uncertain, concerns grew that the economic impact would be prolonged, and the economy continued to operate in an uncertain environment.」

「The Japanese economy during the fiscal year under review remained uncertain, affected by trade frictions resulting from US trade policy and the slowdown in the Chinese economy, as well as the spread of COVID-19 from January onward.」

「During the cumulative third quarter under review, Japan's economy operated in an uncertain environment due to the direction of trade friction resulting from US trade policy, concerns about monetary policy, and the slowdown in the Chinese economy.」

「During the cumulative second quarter under review, Japan's economy operated in an uncertain environment due to the impact of US-China trade friction on the global economy and the slowdown in the Chinese economy.」

「During the cumulative first quarter under review, Japan's economy continued to recover moderately, but concerns about a slowdown in the global economy intensified due to the impact of US-China trade friction and slower growth in the Chinese economy, and uncertainty about the outlook continued.」

「The company states that uncertainty about the outlook has increased further due to concerns about trade friction resulting from US trade policy and monetary policy, as well as slower growth in the Chinese economy and the UK's EU withdrawal issue.」

「Uncertainty over the outlook increased further due to developments in trade friction resulting from US trade policy, concerns about monetary policy, a slowdown in the Chinese economy and the UK's withdrawal from the EU.」

「The company operated in an uncertain environment due to concerns about the direction of trade friction resulting from US trade policy and concerns about monetary policy.」

「Meanwhile, uncertainty continues due to concerns about US protectionist policies and monetary policy.」

「Although the economies of Europe and the United States are recovering moderately, uncertainty continues due to concerns about slower economic growth in emerging economies.」

「Although the economies of Europe and the United States are recovering moderately, uncertainty continues due to concerns about slower economic growth in emerging economies.」

「Meanwhile, uncertainty continues due to concerns about slower economic growth in emerging economies.」

「The company operated in an uncertain environment due to the UK's withdrawal from the European Union (EU), the impact of the US presidential election results, and slower economic growth in emerging economies.」

「Meanwhile, uncertainty has persisted due to the UK's withdrawal from the European Union (EU), the impact of the US presidential election and slower growth in emerging markets.」

「Meanwhile, uncertainty has persisted due to the appreciation of the yen, the impact of the UK's withdrawal from the European Union (EU), concerns over slower economic growth in emerging markets and other factors.」

「Meanwhile, uncertainty has persisted due to the appreciation of the yen, the impact of the UK's withdrawal from the European Union (EU), concerns over slower economic growth in emerging markets and other factors.」