Impact of rapid yen depreciation on the domestic economy
First written in FY2023-Q1. 2 of 4 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「During the current fiscal year, Japan's macroeconomic environment saw economic activity normalise as COVID-19 was lowered to Category 5 under the Infectious Diseases Act, while the services industry and inbound demand increased. However, the domestic economic outlook remains uncertain, as international instability, continued yen depreciation and higher raw-material costs are putting pressure on retail prices.」
It reconfirms the environment in which sustained yen depreciation and higher raw material costs are putting pressure on the domestic economy and retail prices. - FY2024-Q2RestatedAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to fuel costs associated with fluctuations in foreign exchange rates and persistently high crude oil prices, soaring raw material prices and growing geopolitical risks.」
Foreign exchange volatility continues to be identified as an uncertain factor affecting fuel and raw material prices and the outlook for the economy. - FY2023WorsenedAnnual report
「During the current fiscal year, Japan's economy began to normalise economic activity as restrictions on movement associated with COVID-19 were eased and restrictions on entry from overseas were relaxed. However, the economic outlook remained uncertain, with raw-material and resource prices rising as the situation in Ukraine became protracted and exchange rates fluctuated sharply.」
It states that rapid foreign exchange movements have led to higher resource and raw material prices, specifying the impact of external-environment risks, including yen depreciation. - FY2023-Q1First statedAnnual report
「The situation in Ukraine appears likely to continue for an extended period, and continued close monitoring is required in light of the impact on the domestic economy of soaring raw material prices and the sharp depreciation of the yen.」
The potential impact of rapid yen depreciation on the domestic economy was disclosed independently for the first time as an external risk alongside the situation in Ukraine and soaring raw material prices.