Impact of the spread of COVID-19 on the business and market environment
First written in FY2020. 3 of 10 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2023-Q3RestatedAnnual report
「Regarding the business environment surrounding the Bank, the situation concerning COVID-19 remains uncertain, with intermittent periods of rising numbers of new cases.」
The document reconfirms that intermittent periods of rising new cases have continued and that uncertainty in the business and market environment caused by the pandemic remains. - FY2023-Q1RestatedAnnual report
「Regarding the business environment surrounding the Bank, vaccination against COVID-19 progressed mainly in Japan, the United States and Europe. In Japan, the number of new cases had fallen sharply after peaking in February, but rose sharply from July onward as various variants emerged, and the situation remains uncertain.」
The document states that although vaccination progressed and the number of infections declined, uncertainty over infection trends and the business environment continued because of the emergence of variants. - FY2022Economic recovery alongside renewed infections and geopolitical risksAnnual report
「The global economy generally remained on a recovery trend, although it was affected by developments in the spread of COVID-19.」
Although the economy was generally considered to be recovering, uncertainty increased because of the renewed spread of infections, inflation, the situation in Ukraine and surging resource prices. - FY2022-Q3Continued economic recovery alongside uncertainty from variants and other factorsAnnual report
「The outlook remains uncertain because the global economy is heavily dependent on COVID-19, including rapidly spreading variants.」
The global economy generally continued to recover, but the outlook remained uncertain because of the rapid spread of variants. - FY2022-Q2Economic recovery alongside renewed infections and supply constraintsAnnual report
「Continued attention is required because the outlook for the global economy remains affected by the prolonged supply constraints on semiconductors and other goods resulting from the spread of infections in Southeast Asia, as well as growing uncertainty over China's excessive debt problem and policies.」
Although the global economy continued to recover, the spread of infections, supply constraints on semiconductors and other goods, China's excessive debt problem and policy uncertainty were described as new sources of uncertainty. - FY2022-Q1WorsenedAnnual report
「Continued attention is required because the pace of the global economic recovery will depend on the timing of vaccine rollouts, developments involving variants and other factors.」
Although the global economy is recovering, uncertainty continues because the pace of recovery depends on the timing of vaccine rollouts and developments involving variants. - FY2021-Q3WorsenedAnnual report
「However, amid another rise in infections from autumn onward, the pace of recovery slowed toward year-end in Japan, the United States and Europe (the euro area), and Europe returned to negative growth in the October–December quarter.」
Although economic activity began to recover, the pace of recovery in major regions slowed because of the renewed spread of infections from autumn onward, and Europe again recorded negative growth. - FY2021-Q2Economic and market recovery alongside continued uncertaintyAnnual report
「After the global economy deteriorated unprecedentedly because of the spread of COVID-19, it quickly began to recover.」
The global economy began to recover as major countries resumed economic activity, while the low-interest-rate environment and uncertainty about the outlook in Japan and overseas continued. - FY2021-Q1WorsenedAnnual report
「Looking back at economic conditions during the first quarter of the current fiscal year, the global economy contracted more sharply than during the Lehman shock because of the impact of COVID-19. Major countries including the United States and European countries recorded double-digit negative growth as economic activity halted under lockdowns. Japan's economy also recorded double-digit negative growth and a third consecutive quarter of contraction, owing to the declaration of a state of emergency, calls to refrain from operating businesses and going out, and a sharp decline in exports.」
The stagnation of economic activity caused by the spread of COVID-19 materialized as double-digit negative growth in major countries and Japan. Although market turmoil was beginning to ease, uncertainty about the outlook continued. - FY2020MaterialisedAnnual report
「The COVID-19 pandemic has become a major threat to the international community and the global economy, with the government issuing a state of emergency declaration on 7 April 2020 as infections spread.」
The spread of COVID-19 was separately described as a risk that could affect the business, performance and financial position through declining user numbers, difficulty continuing operations and disruption in financial markets.