Uncertainty over Overseas Developments and the Outlook for the Domestic Economy
First written in FY2017-Q1. 14 of 26 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「Downside risks to the economy attributable to US trade policy and instability in the Middle East have increased. In addition, higher raw material prices and costs such as electricity and logistics costs due to the weaker yen, together with a continued tendency to economise amid high prices, mean that the economic outlook remains uncertain.」
In addition to the existing weaker yen and rising prices, it cites US trade policy and instability in the Middle East as downside factors for the economy. - FY2025-H1RestatedAnnual report
「During the six months ended the interim period under review, economic activity normalised and the economy gradually recovered. However, the economic outlook remained uncertain due to factors including continued adverse weather such as typhoons and extreme heat, higher raw material prices, a tendency to economise amid rising prices, and concerns about weaker consumer sentiment.」
While recognising the normalisation of economic activity and a gradual recovery, it identifies adverse weather, raw material prices, rising prices, a tendency to economise and consumer sentiment as factors contributing to economic uncertainty. - FY2024WorsenedAnnual report
「In Japan, the economic outlook remains uncertain due to inflation caused by the weaker yen, logistics constraints associated with the “2024 problem,” and a declining working-age population. Overseas, economic conditions remain chaotic due to geopolitical risks, including the situations in Russia and Ukraine and in the Middle East, and the outlook remains unpredictable.」
In addition to the existing weaker yen, rising prices and the situation in Ukraine, it adds logistics constraints caused by the “2024 problem,” a declining working-age population and the situation in the Middle East as factors contributing to uncertainty. - FY2024-Q3RestatedAnnual report
「However, the economic outlook remains uncertain due to factors including the depreciation of the yen and price increases attributable to the situation in Ukraine.」
While recognising the normalisation of economic activity and a gradual economic recovery, it states that uncertainty over the outlook due to the weaker yen, the situation in Ukraine and rising prices continues. - FY2024-Q2RestatedAnnual report
「However, the economic outlook remains uncertain due to factors including the depreciation of the yen and price increases attributable to the situation in Ukraine.」
While describing a gradual recovery resulting from the normalisation of economic activity, it states that uncertainty over the outlook due to the weaker yen, the situation in Ukraine and rising prices continues. - FY2024-Q1SoftenedAnnual report
「During the three months ended the first quarter under review, economic activity in Japan normalised as mask-wearing was left to individual discretion in March 2023 and the novel coronavirus disease was reclassified as a Class 5 disease under the Infectious Diseases Control Law in May, among other factors, resulting in a gradual economic recovery. However, the economic outlook remains uncertain due to factors including the depreciation of the yen and price increases attributable to the situation in Ukraine.」
It describes the normalisation of economic activity and a gradual economic recovery, easing the assessment from the previous extremely difficult economic conditions. However, uncertainty over the outlook due to the weaker yen, the situation in Ukraine and rising prices continues. - FY2023WorsenedAnnual report
「Prices and energy costs continued to rise due to the impact of global logistics disruptions and Russia’s invasion of Ukraine. Domestic economic activity remained in an extremely difficult situation, including a decline in consumption and stagnation in production.」
In addition to the existing uncertainty caused by the disease and overseas conditions, it states that logistics disruptions, the invasion of Ukraine, and rising prices and energy costs have continued, leaving the domestic economy in an extremely difficult situation. - FY2023-Q3WorsenedAnnual report
「The economic impact of the disease remains uncertain, including the unpredictable emergence of novel coronavirus variants and vaccination rates. The situation therefore remains unpredictable.」
In addition to logistics disruptions, Russia’s invasion of Ukraine, and rising prices and energy costs, it additionally cites novel coronavirus variants and vaccination rates as factors contributing to uncertainty over the outlook. The domestic economy is described as being in an “extremely difficult situation.” - FY2023-Q2WorsenedAnnual report
「During the six months ended the second quarter under review, the spread of the novel coronavirus disease had begun to be contained, but prices and energy costs continued to rise due to the impact of global logistics disruptions and Russia’s invasion of Ukraine. Domestic economic activity remained in an extremely difficult situation, including a decline in consumption and stagnation in production.」
In addition to the existing uncertainty caused by the disease and overseas conditions, it cites global logistics disruptions, Russia’s invasion of Ukraine, and rising prices and energy costs, and describes the domestic economy as being in an extremely difficult situation. - FY2023-Q1WorsenedAnnual report
「During the three months ended the first quarter under review, the spread of the novel coronavirus disease had begun to be contained, but prices continued to rise due to the impact of global logistics disruptions and Russia’s invasion of Ukraine. Domestic economic activity remained in an extremely difficult situation, including a decline in consumption and stagnation in production.」
In addition to the existing uncertainty caused by the disease and overseas conditions, it cites global logistics disruptions, Russia’s invasion of Ukraine and rising prices, and describes the domestic economy as being in an extremely difficult situation. - FY2021WorsenedAnnual report
「During the fiscal year under review, Japan’s economy was in an extremely difficult situation, with domestic economic activity affected by the spread of the novel coronavirus disease, including a decline in consumption and stagnation in production.」
The assessment has intensified from the previous uncertainty surrounding the economic outlook to an “extremely difficult situation” involving declining consumption and stagnating production activity due to the disease. - FY2021-Q2RestatedAnnual report
「During the six months ended the second quarter under review, Japan’s economy was in an extremely difficult situation, with domestic economic activity affected by the spread of the novel coronavirus disease, including a decline in consumption and stagnation in production.」
It continues to describe declining consumption, stagnating production activity and uncertainty surrounding the economic outlook due to the disease. - FY2021-Q1WorsenedAnnual report
「During the three months ended the first quarter under review, Japan’s economy was in an extremely difficult situation, with domestic economic activity affected by the spread of the novel coronavirus disease, including a decline in consumption and stagnation in production. The economic outlook remains uncertain and the situation remains unpredictable, as the impact of the disease is expected to continue.」
In addition to the existing uncertainty surrounding economic and overseas conditions, it describes an extremely difficult economic environment marked by declining consumption and stagnating production activity due to the disease. - FY2020WorsenedAnnual report
「The economic outlook remains uncertain due to the impact of the consumption tax increase, downside risks to the domestic and overseas economies from the novel coronavirus disease that emerged after the beginning of the year, and financial market volatility. The situation therefore remains unpredictable.」
In addition to the existing consumption tax increase and international conditions, it cites downside risks to the economy from the novel coronavirus disease and financial market volatility. - FY2020-Q3WorsenedAnnual report
「During the nine months ended the third quarter under review, Japan’s economy remained relatively resilient, supported by increased corporate capital investment and solid employment conditions. However, concerns about the impact of the consumption tax rate increase on economic activity and the gradual rise in consumer prices affected the economy. Although private consumption is recovering, consumer sentiment remains weak, and overseas conditions also remain uncertain against a backdrop of uncertainty in the global economy, including US-China trade friction.」
In addition to the existing uncertainty in the global economy caused by US-China trade friction and other factors, it cites concerns about the consumption tax rate increase, weak consumer sentiment and uncertainty surrounding private consumption. - FY2019WorsenedAnnual report
「During the fiscal year under review, Japan’s economy remained relatively resilient, supported by increased corporate capital investment and solid employment conditions. However, against a backdrop of uncertainty in the global economy, including US-China trade friction, the outlook remains uncertain.」
In addition to the previously cited overseas political conditions, it identifies uncertainty in the global economy, including US-China trade friction, and states that the outlook remains uncertain. - FY2019-Q3RestatedAnnual report
「During the nine months ended the third quarter, Japan's economy remained on a gradual recovery track, with corporate earnings and employment conditions continuing to improve against a backdrop of the government's economic policies and the Bank of Japan's monetary easing. However, the outlook remained uncertain due to concerns about overseas political conditions and rising geopolitical risks.」
The company continues to describe uncertainty over the outlook against a backdrop of concerns about overseas political conditions and rising geopolitical risks. - FY2019-Q1WorsenedAnnual report
「During the three months ended the first quarter, Japan's economy remained on a gradual recovery track, with corporate earnings and employment conditions continuing to improve against a backdrop of the government's economic policies and the Bank of Japan's monetary easing, despite concerns about international conditions such as US-China trade friction. However, household income continued to grow slowly and did not lead to an expansion in private consumption, leaving the outlook uncertain.」
In addition to the previously cited weakness in household income and private consumption, the company cites concerns about international conditions such as US-China trade friction. While describing the economy as being on a gradual recovery track, it continues to note uncertainty. - FY2018RestatedAnnual report
「However, household income continues to grow slowly and has not led to an acceleration in private consumption, and uncertainty has still not been dispelled.」
While describing the economy as being on a gradual recovery track, the company continues to cite weak household income and private consumption and uncertainty over the outlook. - FY2018-Q3RestatedAnnual report
「However, the outlook remains uncertain due to concerns over overseas political conditions and heightened geopolitical risks.」
The company continues to describe uncertainty over the outlook against a backdrop of concerns about overseas political conditions and rising geopolitical risks. - FY2018-Q2RestatedAnnual report
「However, the outlook remains uncertain due to concerns over overseas political conditions and heightened geopolitical risks.」
The company continues to describe uncertainty over the outlook against a backdrop of concerns about overseas political conditions and rising geopolitical risks. - FY2018-Q1WorsenedAnnual report
「However, the outlook remains uncertain due to concerns over overseas political conditions and heightened geopolitical risks.」
While describing the economy as being on a gradual recovery track, the company identifies concerns about overseas political conditions and rising geopolitical risks as new sources of uncertainty. - FY2017RestatedAnnual report
「Japan's economy during the consolidated fiscal year remained subject to an increasingly uncertain outlook due to heightened uncertainty in overseas conditions, including economic instability in Europe arising from the UK's issue of leaving the EU, concerns about the policies of the new US administration and the economic slowdown in emerging markets, despite gradual improvement in employment conditions.」
The company continues to describe uncertainty in the overseas environment, driven by conditions in Europe, the United States and emerging markets, and uncertainty over the economic outlook. - FY2017-Q3WorsenedAnnual report
「Although share prices rose and the yen weakened, the outlook remained more uncertain amid increased uncertainty in overseas conditions, including economic instability in Europe arising from the UK's issue of leaving the euro area, concerns about the policies of the new US administration and the economic slowdown in emerging markets.」
In addition to conditions in Europe and emerging markets, the company cites concerns about the policies of the new US administration and increased uncertainty in overseas conditions, describing the economic outlook as more uncertain. - FY2017-Q2RestatedAnnual report
「During the six months ended the second quarter, Japan's economy saw gradual improvement in employment conditions. However, amid concerns about overseas conditions, including economic instability in Europe arising from the UK's issue of leaving the euro area and the economic slowdown in emerging markets, the yen's appreciation and declining share prices continued, delaying the recovery of the domestic economy, and the economic outlook remained uncertain.」
The company continues to cite conditions in Europe and emerging markets, yen appreciation, declining share prices, the delayed recovery of the domestic economy and uncertainty over the outlook. - FY2017-Q1First statedAnnual report
「Amid concerns about overseas conditions, including economic instability in Europe arising from the UK's issue of leaving the euro area and the economic slowdown in emerging markets, the yen's appreciation and declining share prices continued, delaying the recovery of the domestic economy. With the consumption tax increase postponed again, the economic outlook remains uncertain.」
The company cites conditions in Europe and emerging markets, yen appreciation, declining share prices and the delayed recovery of the domestic economy as external concerns.