Uncertainty over overseas conditions, China’s economy, foreign exchange and other factors

「また、引き続き中東情勢の動向によっては、資材調達や生産活動に加えて案件着工にも大きな影響が生じるリスクも存在しております。」

「Depending on developments in the situation in the Middle East, there is also a risk of a significant impact on project starts, in addition to the procurement of materials and production activities.」

「また、中東情勢の動向によっては、資材調達や生産活動に加えて案件着工にも大きな影響が生じるリスクも存在しております。」

「During the interim consolidated accounting period, the economic environment remained such that the outlook for the economy was highly uncertain, although personal consumption was relatively firm, partly due to the impact of US trade policy.」

「During the current period, the economic environment had been gradually recovering, led by domestic demand such as consumption and capital investment. However, the impact of external factors, including economic trends in the United States and China and uncertainty surrounding policy management such as tariffs, made the impact on the global and Japanese economies highly uncertain.」

「During the third quarter of the current consolidated cumulative period, economic activity continued to normalize and the economy showed signs of a gradual recovery. However, the outlook remained uncertain due to unstable international conditions, the weaker yen, and rising resource prices and logistics costs.」

「During the first quarter of the current consolidated cumulative period, the economic environment showed signs of normalization as restrictions to prevent the spread of COVID-19 were eased, including the reclassification of COVID-19 as a Category V infectious disease. However, the outlook has remained uncertain due to higher resource prices and logistics costs resulting from the prolonged situation in Ukraine and the weaker yen.」

「During the current period, the economic environment showed signs of a gradual recovery as the economy shifted to living with COVID-19. However, the outlook remained uncertain due to concerns over the impact of repeated increases in energy, raw material and logistics costs, the prolonged situation in Ukraine and the substantial depreciation of the yen.」

「During the third quarter of the current consolidated cumulative period, the economic environment showed signs of recovery from the impact of the spread of COVID-19. However, uncertainty over the outlook has continued due to repeated increases in energy, raw material and logistics costs, the prolonged situation in Ukraine and the substantial depreciation of the yen.」

「During the second quarter of the current consolidated cumulative period, the economic environment was gradually moving toward a new phase of living with COVID-19, with signs of a modest recovery in the economy. However, uncertainty over the outlook has continued due to repeated increases in resource prices and logistics costs, the prolonged situation in Ukraine and the substantial depreciation of the yen.」

「During the fiscal year, Japan's economy recovered moderately as strict restrictions were eased with the progress of COVID-19 vaccinations and other measures, despite stagnation in the procurement of components due to shortages of semiconductors and other factors, and surging crude oil and raw material prices. However, the outlook for the economy remains uncertain due to the recent course of the COVID-19 pandemic, the significant depreciation of the yen, increases in crude oil and raw material prices, and concerns over the situation in Ukraine.」

「During the third quarter of the current consolidated cumulative period, Japan's economy was gradually recovering as new infections declined following the progress of vaccinations against COVID-19. Meanwhile, delays in procuring components due to semiconductor shortages and other factors, as well as rising raw material prices, were observed. In addition, the outlook for the economy remains uncertain due to concerns over the renewed spread of infections caused by COVID-19 variants.」

「Although a recovery in economic activity driven by vaccinations and other measures is expected worldwide, close attention must be paid to the increasing risk of an economic downturn caused by the spread of infections involving new variants and other factors, and the outlook for the economy is expected to remain uncertain.」

「During the first quarter of the current consolidated cumulative period, Japan's economy was affected by the renewed spread of COVID-19. Although personal consumption and other areas remained in difficult conditions, capital investment and other areas had begun to recover, and the economy as a whole appeared to be on a recovery trend.」

「During the current period, Japan's economy was affected by the global spread of COVID-19, resulting initially in a sharp decline greater than that seen during the Lehman crisis. Although signs of improvement emerged thereafter, the recovery remained modest. Vaccinations have begun, but the timing of the end of the COVID-19 pandemic remains unclear, and uncertainty over the outlook for the economy and consumer trends continues.」

「The end of the COVID-19 pandemic remains out of sight, and infections are spreading again worldwide, including in Japan, further increasing uncertainty over the outlook for the economy and consumer trends.」

「The COVID-19 pandemic has yet to show signs of ending and is spreading again in Europe and the United States, further increasing uncertainty over the outlook for the economy and consumer trends.」

「Japan's economy during the first quarter of the current consolidated cumulative period was in an extremely severe condition. Economic activity was severely restricted following the declaration of a state of emergency and other measures in response to the global COVID-19 pandemic, causing a sharp deterioration in economic conditions.」

「Japan's economy during the third quarter of the current consolidated cumulative period weakened further, particularly in the manufacturing sector, as exports remained soft amid an uncertain outlook for the global economy due to US-China trade issues and other factors.」

「Japan's economy during the second quarter of the current consolidated cumulative period became increasingly stagnant against a backdrop of weakness in the manufacturing sector caused by a downturn in exports associated with escalating US-China trade friction and other factors.」

「Japan's economy during the first quarter of the current consolidated cumulative period became increasingly stagnant against a backdrop of weakness in the manufacturing sector caused by a downturn in exports associated with escalating US-China trade friction and other factors.」

「Japan's economy during the period followed a moderate recovery trend as employment conditions and solid corporate earnings improved despite the effects of natural disasters such as earthquakes and localized torrential rains. Meanwhile, uncertainty about the outlook continued due to concerns over global trade friction and unstable stock prices.」

「Meanwhile, the global economy remained uncertain, with concerns over the impact on the domestic economy of US-China trade friction and slowing growth in emerging economies such as China.」

「Meanwhile, the outlook for the global economy and politics remained uncertain due in part to the impact of US policy developments.」

「The outlook remained uncertain due to geopolitical risks, including developments in the US administration, slower economic growth in China and emerging Southeast Asian economies, and the North Korea issue.」

「Meanwhile, although the US economic recovery continued, the global economy remained uncertain due to heightened political risks, including uncertainty surrounding the Chinese economy and North Korea's nuclear development issue.」

「Meanwhile, the global economy faces an uncertain outlook due to heightened political risks, including the policies of the Trump administration in the United States and North Korea's nuclear development issue.」

「Looking ahead, demand is expected from facility development for the 2020 Tokyo Olympic and Paralympic Games, for which full-scale construction has begun, and infrastructure development such as the Linear Chuo Shinkansen. However, uncertainty has increased due to geopolitical risks, a change in the US administration and related fiscal policy.」

「The economy remained flat amid a decline in personal consumption due to this summer's abnormal weather, sluggish exports caused by the appreciation of the yen and increasing uncertainty over global conditions.」

「Japan's economy remained sluggish amid lackluster personal consumption and increasing uncertainty over overseas conditions, including a series of terrorist attacks and the United Kingdom's withdrawal from the EU.」

「Uncertainty has increased due to instability in overseas conditions, a downturn in the Chinese economy, falling crude oil prices, the rapid appreciation of the yen and weak stock prices.」