Uncertainty in the Global Economy and Changes in the Political and Economic Environment

「In the waste-treatment industry surrounding the Company, the growing social demand for business activities aligned with strengthened environmental regulations and for the effective use of resources to realize a circular economy is requiring companies to transform and implement environmentally conscious management.」

「米国通商政策のほか、ウクライナ及び中東等の世界情勢による影響の懸念から、景気の先行きは依然として不透明な状況が続いております。」

「Meanwhile, excessive concerns over US tariff policy have eased following the agreement in Japan-US tariff negotiations and other developments, but uncertainty remains high and the situation remains difficult to predict.」

「Meanwhile, the global economy faces various downside risks, including prolonged geopolitical risks associated with Russia-Ukraine, the situation in Israel, and other factors, the impact of changes in US policy, and the outlook for the Chinese economy, and the situation remains uncertain.」

「Meanwhile, the global economy faces various downside risks, including prolonged geopolitical risks associated with Russia-Ukraine, the situation in Israel, and other factors, volatility in financial and capital markets caused by global monetary tightening, and the outlook for the Chinese economy, and the situation remains uncertain.」

「Meanwhile, the global economy faces various downside risks, including geopolitical risks associated with Russia-Ukraine, the situation in Israel, and other factors, the impact of global inflation and monetary tightening, and the outlook for the Chinese economy, and the situation remains uncertain.」

「Meanwhile, the global economy faces various downside risks, including geopolitical risks associated with Russia-Ukraine, the war in the Middle East, and other factors, volatility in financial and capital markets caused by global monetary tightening, and sharp fluctuations in foreign exchange rates, and the situation remains uncertain.」

「Meanwhile, the global economy faces various downside risks, including prolonged geopolitical risks such as the situation in Ukraine, volatility in financial and capital markets caused by global monetary tightening, and sharp fluctuations in foreign exchange rates, and the situation remains uncertain.」

「Meanwhile, the global economy faces various downside risks, including prolonged geopolitical risks such as the situation in Ukraine, the impact of inflationary pressure from soaring resource prices, and emerging side effects from rapid increases in policy interest rates, and the situation remains uncertain.」

「Meanwhile, the global economy faces various downside risks as disruptions to supply chains, including soaring energy prices, continue due to Russia's invasion of Ukraine, while China's economic stagnation and the impact of inflation and monetary tightening in the US and other countries also weigh on the economy.」

「Meanwhile, the global economy faces various downside risks, including geopolitical risks such as the situation in Ukraine and North Korean missile tests, as well as the possibility that high inflation and the impact of monetary tightening will slow the pace of economic recovery, and the situation remains uncertain.」

「Meanwhile, the global economy faces various downside risks, as the war in Ukraine and China's zero-COVID measures weigh on global economic growth, while the impact of inflationary pressure from soaring resource prices and US monetary policy is expected to drive further yen depreciation, and the situation remains uncertain.」

「Meanwhile, the global economy faces various downside risks, including geopolitical risks such as the situation in Ukraine, the impact of inflationary pressure from soaring resource prices, US monetary policy, and the impact of China's zero-COVID measures, and the situation remains uncertain.」

「The global economy also faces various downside risks, including the impact of US long-term monetary policy and the situation in Ukraine, as well as the possibility that rising inflation and interest rates, particularly in the US and Europe, will restrain consumption.」

「Meanwhile, the global economy remained exposed to various risks, including the spread of new virus variants, supply-demand disruptions, labor shortages, and soaring energy prices, and the situation remained uncertain.」

「During the first six months of the current fiscal year, exports in Japan paused after the slowdown in China and a downturn in automobile exports to the US, while personal consumption fluctuated amid continued restrictions on economic activity to prevent the spread of COVID-19. In the global economy, recovery was uneven because vaccination rates differed significantly from country to country, leaving markets in both developed and emerging economies exposed to various risks, and the situation remained uncertain.」

「During the first three months of the current fiscal year, restrictions on economic activity were imposed amid the continued spread of COVID-19, including the reissuance of a state of emergency. However, the impact on real GDP was considerably smaller than last year, and the domestic economy has been gradually recovering, supported in part by the spread of vaccinations. Meanwhile, although the global economy began showing signs of a resumption of economic activity as vaccinations progressed, it continued to face various downside risks arising from future developments in the pandemic, including the spread of variants, and the situation remained uncertain.」

「During the current fiscal year, the Japanese economy suffered a historic downturn in both domestic and external demand as the spread of COVID-19 led to the issuance of two states of emergency. The global economy also faces various downside risks, including the impact of prolonged international trade disputes and the possible bursting of debt bubbles in the government and nonfinancial sectors, which have rapidly increased their debt as a result of measures to contain the spread of COVID-19.」

「The global economy also faces various downside risks, including the impact of prolonged international trade disputes and the possible bursting of debt bubbles in the government and nonfinancial sectors, which have rapidly increased their debt in response to COVID-19.」

「During the first six months of the current fiscal year, the domestic economy continued to recover moderately from its trough in May, when the state of emergency was fully lifted, although the number of new cases had been increasing since July and the situation remained uncertain. The global economy also faced various downside risks arising from the impact of prolonged international trade disputes and possible future developments in the COVID-19 pandemic.」

「During the first three months of the current fiscal year, the domestic economy suffered a sharp downturn in both domestic and external demand amid the spread of COVID-19, and personal consumption fell more sharply than during the Global Financial Crisis. It has, however, been gradually recovering since the lifting of the state of emergency. Meanwhile, the global economy faces various downside risks arising from the impact of prolonged lockdowns imposed in response to the global spread of COVID-19 and from possible future developments in the pandemic, and the situation remains uncertain.」

「Meanwhile, the economy faces various downside risks, including trends in the global and domestic economies affected by COVID-19, the outlook for emerging-market economies, and geopolitical risks, and the situation remains uncertain.」

「During the first nine months of the current fiscal year, the domestic economy remained subdued as external demand continued to stagnate and GDP, which had continued to grow, weakened somewhat due to the consumption tax increase and a decline in inbound consumption by visitors to Japan, particularly from South Korea. Capital investment, however, remained firm. Meanwhile, although the global economy was gradually bottoming out and showing signs of recovery, risks arising from uncertainty overseas could not be dispelled, and the situation remained uncertain.」

「During the first six months of the current fiscal year, the domestic economy remained firm, although external demand remained weak due to the impact of Japan-Korea relations and sluggish exports, particularly to China. Personal consumption also increased moderately, supported by high corporate earnings, demand generated by structural factors such as the replacement of aging equipment, and steady improvement in employment and income conditions. Meanwhile, the outlook for the global economy remained uncertain due to the inversion of long- and short-term interest rates in the US and developments in overseas trade policies, and the uncertain situation continued.」

「Meanwhile, the outlook for overseas economies remains highly uncertain due to developments in overseas trade policies, the slowdown in China, and the impact of the UK's departure from the EU, and the situation remains uncertain.」

「Meanwhile, the economy faces various downside risks, including developments in the economic policies of the US and China, the outlook for emerging-market economies, geopolitical risks, and the consumption tax increase scheduled for October 2019, and the situation remains uncertain.」

「Meanwhile, the economy faces various downside risks, including a slowdown in the global economy, particularly China, the consumption tax increase scheduled for October 2019, and the loss of construction demand after the Olympics, and the situation remains uncertain.」

「Meanwhile, although price stability and solid economic expansion continued in North America amid concerns over trade policies such as US-China trade friction, the pace of economic expansion in the euro area and Asian economies slowed moderately, and the situation remains uncertain.」

「Meanwhile, concerns about the outlook for the global economy continue amid trade friction, including higher export tariffs involving Europe and Japan, and the situation remains uncertain.」

「Meanwhile, overseas, the US economy remained firm and the economies of Europe and Asia generally continued to grow, but the outlook remains uncertain amid situations such as trade friction that leave little room for optimism.」

「Meanwhile, concerns about the outlook continue to be expressed amid ongoing uncertainty in the global economy and changes in the political and economic environment surrounding Japan.」