Downturns in China and resource-rich countries, and uncertainty over overseas economies

「During the current interim consolidated accounting period, economic conditions recovered moderately despite the impact of U.S. trade policy. A moderate recovery is expected to be supported by improvements in employment and income conditions and the effects of various policies, but attention must be paid to downside risks to the economy due to the impact of U.S. trade policy.」

「During the current fiscal year, economic conditions recovered moderately, although uncertainty stemming from U.S. trade policy and other factors was evident. A moderate recovery is expected to be supported by improvements in employment and income conditions and the effects of various policies, but downside risks to the economy due to the impact of U.S. trade policy have increased.」

「However, downside risks to overseas economies, including the continued high interest-rate levels in the US and Europe and the prolonged stagnation of China's property market, pose risks of placing downward pressure on the Japanese economy. Attention also needs to be paid to the impact of rising prices, developments in the Middle East and fluctuations in financial and capital markets.」

「During the nine-month period ended the third quarter of the current fiscal year, overseas economies were recovering despite some weakness in certain regions, while the Japanese economy was recovering moderately. A moderate recovery is expected to continue as employment and income conditions improve. However, amid continued global monetary tightening and other factors, there are downside risks to overseas economies, and close attention must also be paid to the impact of rising prices and fluctuations in financial and capital markets.」

「During the six-month period ended the second quarter of the current fiscal year, overseas economies were recovering despite some weakness in certain regions, while the Japanese economy was recovering moderately. A moderate recovery is expected to continue as employment and income conditions improve. However, amid continued global monetary tightening and other factors, there are downside risks to overseas economies, and close attention must also be paid to the impact of rising prices and fluctuations in financial and capital markets.」

「During the cumulative first-quarter period, economic conditions overseas were gradually picking up despite weakness in some regions, while the domestic economy was recovering moderately. A moderate recovery is expected to continue as employment and income conditions improve. As global monetary tightening and other factors continue, close attention must be paid not only to downside risks in overseas economies but also to the effects of rising prices and volatility in financial and capital markets.」

「During the nine-month period ended the third quarter of the current fiscal year, economies in Japan and overseas were showing signs of a moderate recovery. Regarding the outlook, a recovery in the economy is expected as the transition to a new phase of living with COVID-19 progresses, but attention needs to be paid to the impact of downside risks to overseas economies arising from global monetary tightening, rising prices and supply-side constraints.」

「During the six months ended September 2022, economic conditions in both overseas markets and Japan were gradually improving. Going forward, although the economy is expected to recover as the transition to a new phase of living with COVID-19 progresses, it will be necessary to remain mindful of the risk of a downturn in overseas economies due to global monetary tightening, rising prices and supply-side constraints, among other factors.」

「During the three-month period ended the first quarter of the current fiscal year, overseas economies remained in a difficult situation due to the global spread of COVID-19, although some signs of recovery were beginning to emerge as a result of measures to prevent the spread of infection. Japan was also still in a difficult situation, but some areas showed signs of recovery, including capital investment and steady public investment. Attention needs to be paid to the impact of COVID-19 on the Japanese and overseas economies.」

「During the current fiscal year, economic conditions overseas were generally picking up as the impact of COVID-19 eased, although some areas remained severe. In Japan, too, the impact of COVID-19 eased, and signs of a pickup were seen in capital investment and other areas, with conditions generally picking up. Attention must be paid to the effects of COVID-19 and the situation in Russia and Ukraine on the domestic and overseas economies and other factors in the outlook.」

「During the nine months ended December 2020, economic conditions overseas remained challenging due to the global spread of COVID-19, although signs of partial recovery were beginning to emerge. Conditions in Japan also remained challenging, as overseas, but some areas, including capital investment and firm public investment, showed signs of improvement. Going forward, it will be necessary to remain mindful of the impact of COVID-19 on the Japanese and global economies, among other factors.」

「During the cumulative second-quarter period, economic conditions overseas remained severe due to the global spread of COVID-19, although some signs of recovery were beginning to emerge as a result of measures to prevent the spread of infection and other factors. Conditions in Japan also remained severe, as overseas, although some signs of a pickup were seen in areas including capital investment and solid public investment. Attention must be paid to the effects of COVID-19 on the domestic and overseas economies and other factors in the outlook.」

「During the cumulative first-quarter period, economic conditions overseas remained severe due to the global spread of COVID-19, although some signs of recovery were beginning to emerge as a result of measures to prevent the spread of infection and other factors. Conditions in Japan also remained severe, as overseas, although some signs of a pickup were seen in areas including capital investment and solid public investment.」

「During the cumulative third-quarter period, economic conditions overseas remained severe due to the global spread of COVID-19. In Japan, capital investment and employment conditions remained weak, and conditions were severe, as overseas, although some signs of a pickup were seen partly because public investment was solid. Attention must be paid to the effects of COVID-19 on the domestic and overseas economies and other factors in the outlook.」

「During the cumulative second-quarter period, economic conditions overseas remained severe due to the global spread of COVID-19. In Japan, capital investment and employment conditions remained weak, and conditions were severe, as overseas, although some signs of a pickup were seen partly because public investment was solid. Attention must be paid to the effects of COVID-19 on the domestic and overseas economies and other factors in the outlook.」

「During the cumulative first-quarter period, economic conditions overseas remained severe due to the global spread of COVID-19. In Japan, capital investment and employment conditions remained weak, but a pickup was expected partly because public investment was solid; conditions nevertheless remained severe, as overseas. Attention must be paid to the effects of COVID-19 on the domestic and overseas economies and other factors in the outlook.」

「During the current fiscal year, economic conditions overseas recovered moderately overall due to a steady recovery in the U.S. economy, although some weakness was seen in China and Europe, but then sharply lost momentum from the beginning of the year amid the global spread of COVID-19.」

「During the nine-month period ended the third quarter of the current fiscal year, overseas economies recovered moderately overall, supported by a steady recovery in the US economy, although some weakness was seen in China and Europe. In Japan, employment conditions continued to improve steadily, and the economy recovered moderately. However, attention needs to be paid to downside risks to the economy arising from the impact of developments in trade issues on the global economy and fluctuations in financial and capital markets.」

「During the six-month period ended the second quarter of the current fiscal year, overseas economies recovered moderately overall, supported by a steady recovery in the US economy, although some weakness was seen in China and Europe. In Japan, employment conditions continued to improve steadily and capital investment increased, and the economy recovered moderately. However, attention needs to be paid to downside risks to the economy arising from the impact of developments in trade issues on the global economy and fluctuations in financial and capital markets.」

「During the three-month period ended the first quarter of the current fiscal year, overseas economies recovered moderately overall, supported by a steady recovery in the US economy, although some weakness was seen in China and Europe. In Japan, employment conditions continued to improve steadily and capital investment increased, and the economy recovered moderately. However, attention needs to be paid to downside risks to the economy arising from the impact of developments in trade issues on the global economy and fluctuations in financial and capital markets.」

「During the current fiscal year, overseas economies recovered moderately overall, supported by a steady recovery in the US economy, although some weakness was seen in China and Europe. In Japan, employment conditions continued to improve steadily and capital investment increased, and the economy recovered moderately. However, attention needs to be paid to downside risks to the economy arising from the impact of developments in trade issues on the global economy and fluctuations in financial and capital markets.」

「During the nine-month period ended the third quarter of the current fiscal year, overseas economies recovered moderately overall, supported by a steady recovery in the US economy, although some weakness was seen, including a slowdown in China. In Japan, employment conditions continued to improve steadily and capital investment increased, and the economy recovered moderately. However, the outlook remains uncertain, including the impact of developments in trade issues on the global economy.」

「During the six-month period ended the second quarter of the current fiscal year, overseas economies recovered moderately, supported by a steady recovery in the US economy, although the pickup in China showed signs of stalling. In Japan, employment conditions improved and capital investment increased, and the economy also recovered moderately. However, attention needs to be paid to the outlook, including the impact of developments in trade issues on the global economy.」

「During the cumulative first-quarter period, economic conditions overseas recovered moderately, supported by the pickup in China’s economy and solid performance by the U.S. economy, although uncertainty continued over the outlook due to trade issues and economic trends in emerging Asian economies, among other factors.」

「During the nine-month period ended the third quarter of the current fiscal year, overseas economies recovered moderately, supported by a pickup in China and steady performance in the US economy. In Japan, employment conditions continued to improve steadily and capital investment showed signs of recovery, with the economy remaining on a moderate recovery trend.」

「During the first half of the current fiscal year, overseas economies recovered moderately, supported by a recovery in China and the solid performance of the US economy. In Japan, the economy continued on a moderate recovery trend amid improvements in employment and a recovery in capital investment.」

「During the first quarter of the current fiscal year, overseas economies recovered moderately, supported by a recovery in China and the solid performance of the US economy. In Japan, the economy was on a moderate recovery trend amid improvements in employment and a recovery in capital investment.」

「Although economies overall recovered moderately overseas, supported by the economic recovery in the United States and the pickup in China’s economy, uncertainty continued over the outlook due in part to the United Kingdom’s EU withdrawal issue.」

「During the first nine months of the current fiscal year, overseas economies recovered moderately overall, supported by the economic recovery in the United States and a recovery in China, although uncertainty about the outlook persisted due in part to the UK's withdrawal from the EU.」

「Uncertainty over the economic outlook continued due to downturns in China and resource-rich countries and the United Kingdom’s EU withdrawal issue, among other factors.」

「Although economic conditions overseas were recovering moderately, uncertainty continued over the outlook, including downturns in China and resource-rich countries.」