Overseas economic slowdown due to Brexit and other factors

「今後の景気見通しにつきましては、雇用・所得環境の改善や各種政策の効果等を背景に、国内景気は緩やかな回復基調を維持するものの、引き続き、中東情勢をはじめとする地政学リスクの高まりや深刻な人手不足、急激な為替変動、物価上昇といった景気を下押しするリスクに留意が必要な状況が続くと見ております。」

「In recent years, the impact of heightened geopolitical risks on business activities has become apparent, including effects on raw-material prices and logistics resulting from rising tensions between countries, particularly in the Middle East.」

「During the interim consolidated accounting period, Japan’s economy remained on a moderate recovery trend, supported by improvements in employment and income conditions and strong inbound demand. However, the outlook remained uncertain due to sluggish personal consumption resulting from persistently high resource and energy prices and rising prices, as well as ongoing geopolitical risks and U.S. trade policy.」

「Meanwhile, conditions remained uncertain due to the continuing rise in raw material, resource and energy prices associated with the prolonged situation in Ukraine and tensions in the Middle East, the downside risk to overseas economies against a backdrop of global monetary tightening, and sharp fluctuations in foreign exchange rates.」

「Meanwhile, conditions remained uncertain due to the continuing rise in raw material, resource and energy prices associated with the prolonged situation in Ukraine, the downside risk to overseas economies against a backdrop of global monetary tightening, and sharp fluctuations in foreign exchange rates.」

「The outlook remained extremely uncertain due to soaring raw-material, resource and energy prices associated with the prolonged situation in Ukraine, the rapid depreciation of the yen and concerns about a downturn in overseas economies against the backdrop of global monetary tightening.」

「Toward the end of the fiscal year, the business environment remained challenging due to a renewed spread of infections caused by new variants, rising resource prices resulting from the worsening situation in Ukraine and the yen's depreciation.」

「Furthermore, the situation became severe, with an inevitable deterioration in economic conditions as the spread of COVID-19 began to stall economic activity worldwide.」

「During the first 9 months of the fiscal year, Japan's economy followed a moderate recovery trend against the backdrop of improvements in corporate earnings and the employment and income environment. However, the outlook remained uncertain amid concerns about developments in the US-China trade friction and rising geopolitical risks in East Asia and the Middle East.」

「During the first 6 months of the fiscal year, Japan's economy followed a moderate recovery trend against the backdrop of improvements in corporate earnings and the employment and income environment. However, the outlook remained uncertain amid concerns about the prolonged US-China trade friction and rising geopolitical risks in East Asia and the Middle East.」

「During the first 3 months of the fiscal year, Japan's economy followed a moderate recovery trend against the backdrop of improvements in corporate earnings and the employment and income environment. However, the outlook remained uncertain amid concerns about the prolonged US-China trade friction and rising geopolitical risks in the Middle East.」

「During the first 9 months of the fiscal year, Japan's economy followed a moderate recovery trend against the backdrop of improvements in corporate earnings and the employment and income environment. However, the economic outlook remained uncertain amid concerns about uncertainty in overseas political and economic conditions, including the US-China trade friction.」

「However, the economic outlook remained uncertain amid concerns about the effects on the global economy of a succession of natural disasters in Japan and trade issues between Japan and the United States.」

「During the first 3 months of the fiscal year, Japan's economy followed a moderate recovery trend against the backdrop of improvements in employment and income, but the economic outlook remained uncertain amid growing concerns about the increasingly unstable international situation.」

「During the fiscal year, Japan's economy followed a moderate recovery trend, with corporate earnings and the employment environment continuing to improve against the backdrop of the government's economic policies and the Bank of Japan's monetary policy. However, the outlook remained uncertain amid concerns about the effects of uncertainty in overseas economies and volatility in financial and capital markets.」

「During the first 9 months of the fiscal year, Japan's economy remained on a moderate recovery trend, with corporate earnings and the employment environment improving partly as a result of various government policies. However, the outlook remained uncertain amid concerns about a downturn in economic activity due to rising geopolitical risks in East Asia and the Middle East.」

「During the first 6 months of the fiscal year, Japan's economy followed a moderate recovery trend, with corporate earnings and the employment environment continuing to improve against the backdrop of the government's economic policies, despite concerns about uncertainty in the global economy due to US policy developments and rising geopolitical risks in East Asia.」

「Meanwhile, the outlook for the economy remained uncertain amid concerns about uncertainty in the global economy arising from US policy developments, a slowdown in emerging economies and geopolitical risks.」

「However, risks remained that uncertainties in overseas economies would increase due to the slowdown in emerging economies, including China, the issue of the UK's withdrawal from the EU and policy developments under the new US administration, and the economic outlook remained uncertain.」

「During the first 9 months of the fiscal year, Japan's economy maintained a moderate recovery trend against the backdrop of the government's economic policies and the Bank of Japan's monetary policy. However, the outlook remained uncertain as domestic personal consumption struggled to grow and concerns grew about a slowdown in emerging economies, including China.」

「During the first 6 months of the fiscal year, Japan's economy maintained a moderate recovery trend against the backdrop of the government's economic policies and the Bank of Japan's monetary policy. However, the outlook for the economy remained uncertain due to the yen's appreciation and the slowdown in emerging Asian economies, including China.」

「The outlook became increasingly uncertain amid concerns about a downturn in China and other emerging Asian economies and resource-producing economies, as well as a slowdown in overseas economies related to the UK's withdrawal from the European Union (EU).」