Deteriorating export conditions due to trade tensions originating in the United States
First written in FY2019-Q1. 3 of 6 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2022: 108 of 134 companies on the "Worse" side.
- FY2021DroppedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained in an extremely difficult situation in terms of employment, the economy, social life and corporate activity due to the global spread of COVID-19.」
References to US-China trade tensions and the slowdown in the Chinese economy that had previously been included cannot be found in the economic environment description in this filing. - FY2020RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend due to improvements in employment and income conditions, among other factors. However, it remained in an uncertain situation looking ahead as a result of trade tensions arising from the trade policies of the United States and other countries and the slowdown in the Chinese economy.」
Trade tensions arising from the trade policies of various countries and the slowdown in the Chinese economy continue to be identified as factors contributing to an uncertain economic outlook. - FY2020-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2019 to 31 December 2019), the Japanese economy remained on a moderate recovery trend due to improvements in employment and income conditions, among other factors. Meanwhile, overseas economies remained uncertain looking ahead due to trade tensions arising from the trade policies of the United States and other countries, a slowdown in the Chinese economy, and front-loaded demand ahead of the consumption tax increase and the subsequent decline in demand.」
Trade tensions arising from the trade policies of various countries and the slowdown in the Chinese economy continue to be identified as factors contributing to uncertainty in overseas economies. This time, front-loaded demand before the consumption tax increase and the subsequent decline in demand are also discussed. - FY2020-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2019 to 30 September 2019), the Japanese economy remained on a moderate recovery trend due to improvements in employment and income conditions, among other factors. However, overseas economies remained uncertain looking ahead due to trade tensions arising from the trade policies of the United States and other countries and a slowdown in the Chinese economy.」
Trade tensions arising from the trade policies of various countries and concerns about a slowdown in the Chinese economy continue to be identified as factors contributing to an uncertain economic outlook. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2019 to 30 June 2019), the Japanese economy remained on a moderate recovery trend due to improvements in employment and income conditions, among other factors. However, against a backdrop of US-China trade tensions and concerns about a slowdown in the Chinese economy, the economy remained in an uncertain situation looking ahead.」
In addition to the previously cited trade tensions originating in the United States, concerns about a slowdown in the Chinese economy are explicitly identified, and the economic environment is described as uncertain looking ahead. - FY2019-Q1First statedAnnual report
「Risks to the economic outlook include higher raw material prices and concerns about export conditions associated with intensifying trade tensions originating in the United States.」
For the first time, concerns about export conditions associated with intensifying trade tensions originating in the United States are identified as one of the downside risks to the economy.