Stagnation in Domestic Consumption and Capital Investment and Downside Risks in Overseas Economies
First written in FY2016-Q3. 14 of 34 entries say "Worsened", first in FY2016. Latest entry: 2026-10-13.
Micron Machinery moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
66 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「However, concerns have arisen over the potential impact of escalating tensions in the Middle East on Japan's economy going forward.」
In addition to the previous uncertainty arising from U.S. trade policies and other factors, escalating tensions in the Middle East are newly identified as a source of concern for the future economy. - FY2025Uncertainty persists amid trade policy, rising prices, and market volatilityAnnual report
「During the consolidated fiscal year under review, Japan's economy continued to recover moderately, although some effects of U.S. trade policies and other factors were evident. However, the outlook remained uncertain amid the additional impact of continued price increases and volatility in the financial and capital markets.」
While a moderate recovery is indicated, the report identifies U.S. trade policy, rising prices, and volatility in the financial and capital markets, in addition to previously noted overseas economic and policy factors, as sources of uncertainty. - FY2025-H1WorsenedAnnual report
「However, the outlook remained uncertain due to downside risks to overseas economies arising from continued high interest rates in Europe and the United States and concerns over China's economic outlook, as well as rising prices, U.S. policy developments, the situation in the Middle East, and volatility in the financial and capital markets.」
In addition to the previously noted downside risks to overseas economies, rising prices, and volatility in the financial and capital markets, the report specifically lists high interest rates in Europe and the United States, China's economy, U.S. policy developments, and the situation in the Middle East as sources of uncertainty. - FY2024-Q2RestatedAnnual report
「During the second quarter of the consolidated fiscal year under review, Japan's economy continued to show moderate signs of recovery as socioeconomic activity normalized following COVID-19's reclassification to Category V and various policies took effect, although some stagnation was also observed. However, the outlook remained uncertain due to continued global monetary tightening and the impact of downside risks to overseas economies, rising prices, supply constraints, and volatility in the financial and capital markets.」
While normalization of socioeconomic activity and a moderate recovery are indicated, continued uncertainty over the outlook due to downside risks to overseas economies, rising prices, supply constraints, and volatility in the financial and capital markets is noted. - FY2024-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy showed moderate signs of recovery as socioeconomic activity normalized following COVID-19's reclassification to Category V, supported by the effects of various policies. However, the outlook remained uncertain due to downside risks to overseas economies, rising prices, supply constraints, and volatility in the financial and capital markets amid continued global monetary tightening.」
While normalization of socioeconomic activity and a moderate recovery are indicated, continued uncertainty over the outlook due to downside risks to overseas economies, rising prices, supply constraints, and volatility in the financial and capital markets is noted. - FY2023Uncertainty over the outlook persists as activity restrictions are liftedAnnual report
「During the consolidated fiscal year under review, Japan's economy showed moderate signs of recovery as activity restrictions were lifted following COVID-19's reclassification to Category V, socioeconomic activity normalized, and various policies took effect. However, the outlook remained uncertain due to downside risks to overseas economies, rising prices, supply constraints, and volatility in the financial and capital markets amid continued global monetary tightening.」
While normalization following COVID-19's reclassification to Category V and the lifting of activity restrictions is indicated, uncertainty due to downside risks to overseas economies, rising prices, supply constraints, and volatility in the financial and capital markets has persisted. - FY2023-Q3RestatedAnnual report
「During the third quarter of the consolidated fiscal year under review, Japan's economy showed moderate signs of recovery under the living-with-COVID-19 environment, supported by the effects of various policies. However, the outlook remained uncertain due to downside risks to overseas economies, rising prices, supply constraints, and volatility in the financial and capital markets amid continued global monetary tightening.」
While recovery in the domestic economy is indicated, continued uncertainty over the outlook due to downside risks to overseas economies, rising prices, supply constraints, and volatility in the financial and capital markets is noted. - FY2023-Q2WorsenedAnnual report
「During the second quarter of the consolidated fiscal year under review, Japan's economy showed moderate signs of recovery under the living-with-COVID-19 environment, supported by the effects of various policies. However, the outlook remained uncertain due to the impact of downside risks to overseas economies, rising prices, supply constraints, and volatility in the financial and capital markets amid continued global monetary tightening.」
While recovery in the domestic economy is indicated, downside risks to overseas economies are explicitly noted in addition to the previously cited rising prices and supply constraints, indicating a broader range of sources of uncertainty in the external environment. - FY2023-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy showed moderate signs of recovery under the living-with-COVID-19 environment, supported by the effects of various policies. However, the outlook remained uncertain amid continued global monetary tightening and the impact of rising prices and supply constraints.」
While recovery in the economy is indicated, continued uncertainty due to global monetary tightening, rising prices, and supply constraints is noted. - FY2022WorsenedAnnual report
「During the consolidated fiscal year under review, Japan's economy showed moderate signs of recovery as the impact of COVID-19 gradually eased and economic activity normalized. However, the outlook remained uncertain due to the resurgence of COVID-19, sharp exchange-rate volatility associated with global monetary tightening, soaring raw-material costs, and supply constraints.」
While the easing impact of COVID-19 and normalization of economic activity are indicated, the report lists the resurgence of infections, global monetary tightening, sharp exchange-rate volatility, soaring raw-material costs, and supply constraints as new sources of uncertainty. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the consolidated fiscal year under review, Japan's economy showed expanding signs of recovery as the impact of COVID-19 gradually eased and economic activity normalized. However, the outlook remained uncertain due to concerns over lockdowns that continued in major parts of China and the situation in Ukraine, as well as rising raw-material prices, supply constraints, and downside risks from volatility in the financial and capital markets.」
While the easing impact of COVID-19 and normalization of economic activity are indicated, specific new downside risks are identified from lockdowns in China, the situation in Ukraine, rising raw-material prices, supply constraints, and volatility in the financial and capital markets. - FY2022-Q2Recovery continues amid a resurgence in infectionsAnnual report
「During the second quarter of the consolidated fiscal year under review, Japan's economy remained in a difficult situation amid a resurgence in COVID-19 infections. Although weakness persisted, recovery continued as economic activity was maintained alongside thorough infection-control measures.」
While the resurgence of COVID-19 left difficult conditions and weakness, the report states that recovery continued as economic activity was maintained subject to infection-control measures. - FY2022-Q1Recovery continues as infections declineAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy remained in a difficult situation despite a substantial decline in new COVID-19 cases domestically, but showed signs of recovery, supported by the effects of various policies and improvements in overseas economies.」
While a decline in new cases is indicated, the domestic economy remained in a difficult situation, and the report states that recovery continued, supported by policy effects and improvements in overseas economies. - FY2021-Q3Recovery continues amid difficult conditionsAnnual report
「During the third quarter of the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to COVID-19, but continued to show signs of recovery, supported by the effects of various policies and improvements in overseas economies.」
While difficult conditions due to COVID-19 continued, the report states that recovery continued, supported by the effects of various policies and improvements in overseas economies. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to COVID-19, including the issuance of a second declaration of a state of emergency. Although signs of recovery were evident, weakness persisted in the non-manufacturing sector and personal consumption.」
While signs of recovery are indicated, the report notes the issuance of a second declaration of a state of emergency and weakness in the non-manufacturing sector and personal consumption, making the severity of the domestic economy more specific. - FY2021-Q1Recovery amid difficult conditionsAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to the impact of COVID-19, but showed signs of recovery, supported by the effects of various policies and improvements in overseas economies.」
While difficult conditions continued due to COVID-19, signs of recovery supported by the effects of various policies and improvements in overseas economies are noted. - FY2020WorsenedAnnual report
「During the consolidated fiscal year under review, Japan's economy deteriorated sharply after entering a recessionary phase due to the consumption tax increase, as COVID-19 raged worldwide and the domestic economy was affected by requests to refrain from going out following the declaration of a state of emergency.」
In addition to the previous uncertainty surrounding overseas economies and trade issues, the economic environment for the full fiscal year is described as having deteriorated sharply due to COVID-19, the declaration of a state of emergency, and the consumption tax increase. - FY2020-Q3WorsenedAnnual report
「During the third quarter of the consolidated fiscal year under review, Japan's economy deteriorated sharply as the spread of COVID-19 accelerated worldwide, while the economy was entering a recessionary phase due to the consumption tax increase and restrictions on going out following the declaration of a state of emergency in Japan.」
In addition to the previous uncertainty surrounding overseas economies and trade issues, the report describes a sharp deterioration in the domestic economy due to the consumption tax increase, the spread of COVID-19, and the declaration of a state of emergency. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the consolidated fiscal year under review, Japan's economy remained in an uncertain outlook after being significantly pushed down in the near term by the impact of COVID-19, despite improvements in employment conditions and the income environment.」
While improvements in the employment and income environment are indicated, the significant downward pressure on the domestic economy from COVID-19 and the uncertain outlook are explicitly noted, indicating deterioration in external-environment risks. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy continued to recover moderately, supported by the effects of various policies and continued improvement in the employment and income environment, although weakness persisted, particularly in exports.」
While the domestic economy continued to recover moderately, the previously noted weakness in exports and production is described as prolonged, particularly in exports. - FY2019-Q3WorsenedAnnual report
「Although exports and production remained weak, the economy continued to recover moderately as the employment and income environment improved and the effects of various policies took hold. However, sentiment about the economy showed some weakening amid developments in trade issues, uncertainty over China's economic outlook, and uncertainty surrounding overseas economic developments and policies.」
In addition to the previously noted uncertainty over trade issues, China's economy, and overseas policies, exports and production are described as remaining weak, indicating continued deterioration in economic sentiment. - FY2019-Q2WorsenedAnnual report
「However, sentiment about the economy showed some weakening amid developments in trade issues, uncertainty over China's economic outlook, and uncertainty surrounding overseas economic developments and policies.」
The slowdown and uncertain outlook for China's economy, trade issues, and uncertainty over overseas policies have emerged as factors weighing on economic sentiment, making external-environment risks more specific than in the previous quarter. - FY2019-Q1China's economic stagnation and specific downside risksAnnual report
「Overseas economies remained on a moderate recovery track overall, but showed signs of stagnation in China's recovery, and remained exposed to downside risks depending on developments in and the impact of U.S.-China trade friction.」
While overseas economies are described as remaining on a moderate recovery track, specific mention is made of stagnation in China's economy and downside risks from U.S.-China trade friction. - FY2018Changes in the factors driving overseas economic risksAnnual report
「As corporate earnings and the employment and income environment continued to improve, the economy remained on a moderate recovery track. Overseas economies continued to grow moderately overall against the backdrop of a solid U.S. economy, but remained unstable due to concerns including U.S.-China trade friction.」
The domestic economy is described as remaining on a moderate recovery track and overseas economies as continuing to grow, while the factors cited as concerns have shifted from developments such as North Korea to U.S.-China trade friction. - FY2018-Q3RestatedAnnual report
「During the third quarter of the consolidated fiscal year under review, Japan's economy remained on a moderate recovery track under the government's economic policies and other measures, with capital investment remaining firm and the employment and income environment improving. The global economy also continued to show signs of recovery, led by the United States and China, but concerns over the impact of growing uncertainty surrounding the economic outlook and policies, as well as volatility in the financial and capital markets, continued.」
While recovery trends in the domestic and global economies are indicated, concerns arising from economic and policy uncertainty and volatility in the financial and capital markets continue to be noted. - FY2018-Q2RestatedAnnual report
「During the second quarter of the consolidated fiscal year under review, Japan's economy remained on a moderate recovery track under the government's economic policies and other measures, with capital investment remaining firm and the employment and income environment improving. The global economy also continued to show signs of recovery, led by the United States and China, but concerns over the impact of growing uncertainty surrounding the economic outlook and policies, as well as volatility in the financial and capital markets, continued.」
While recovery trends in the domestic economy and in the U.S. and Chinese economies are indicated, concerns arising from economic and policy uncertainty and volatility in the financial and capital markets continue to be noted. - FY2018-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy remained on a moderate recovery track as the employment and income environment continued to improve. Overseas economies remained on a recovery track, led by the solid U.S. and Chinese economies, but remained unstable as concerns such as developments in North Korea could not be dispelled.」
While a moderate recovery in the domestic economy and a recovery trend in overseas economies are indicated, instability due to factors such as developments in North Korea continues to be noted. - FY2017RestatedAnnual report
「During the consolidated fiscal year under review, Japan's economy remained on a moderate recovery track, supported by improvements in corporate earnings and the employment environment. Overseas economies showed signs of recovery, including in China and other Asian countries in addition to the solid U.S. economy, but remained unstable as concerns such as developments in North Korea emerged.」
While a recovery in the domestic economy and some overseas economies is indicated, overseas economies are described as unstable due to concerns such as developments in North Korea, indicating continued uncertainty in the external environment. - FY2017-Q2RestatedAnnual report
「During the second quarter of the consolidated fiscal year under review, Japan's economy remained on a moderate recovery track, supported by improvements in the employment and income environment under the government's economic policies and other measures. However, the economic outlook remained uncertain due to concerns over the policies of the new U.S. administration, the outlook for China and other emerging Asian economies, growing uncertainty over economic and policy developments, and the impact of volatility in the financial and capital markets.」
While a moderate domestic recovery is evident, continued uncertainty over the outlook is indicated due to uncertainty surrounding the new U.S. administration, the economies and policies of China and emerging Asian economies, and volatility in the financial and capital markets. - FY2017-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy remained in an uncertain outlook despite signs of a moderate domestic recovery, owing to uncertainty in overseas economies, particularly emerging markets, and volatility in the financial and capital markets.」
While a moderate domestic recovery is evident, continued uncertainty over the outlook is indicated due to uncertainty in overseas economies and volatility in the financial and capital markets. - FY2016WorsenedAnnual report
「During the consolidated fiscal year under review, Japan's economy remained on a moderate recovery track, supported by improvements in corporate earnings and the employment environment since the previous year. However, it remained unstable amid concerns over a pause in the economy caused by a slowdown in overseas economies, particularly emerging markets, and the fading impact of domestic capital investment subsidies.」
In addition to the previous downside risks to overseas economies, the slowdown in emerging markets and economic stagnation caused by the fading impact of domestic capital investment subsidies are identified as specific concerns, indicating a broadening range of risks. - FY2016-Q3First statedAnnual report
「In addition, downside risks to overseas economies have left the outlook uncertain.」
Downside risks to overseas economies are explicitly identified, indicating an uncertain outlook.