Instability in the Overseas Economy and Yen Exchange Rate

「Meanwhile, the outlook remains uncertain because of the uncertainty in the global economy, including trends in the trade policies of major countries, heightened geopolitical risks such as the situation in the Middle East, fluctuations in crude oil prices and the continued depreciation of the yen.」

「主要国の通商政策の動向や中東情勢をはじめとする地政学的リスクの高まりによる原油価格の変動や円安の継続等、世界経済の不確実性により、先行きは依然として不透明な状況が続いております。」

「Meanwhile, although overseas economies show some resilience, factors affecting Japan's economy include fiscal, monetary and trade policy in Europe and the United States, developments in the Chinese economy, and geopolitical risks, leaving the situation still unsuitable for optimism.」

「一方、海外では、経済の底堅さは見られるものの、欧米の財政・金融・通商政策、中国経済の動向、地政学リスク等わが国の経済に影響を及ぼす要因もあり、引き続き楽観できない状況にあります。」

「Meanwhile, the outlook remains uncertain due to uncertainty in the global economy, including the impact of trade policy in major countries such as higher US tariffs, and rising geopolitical risks.」

「Meanwhile, the outlook remains uncertain due to sharp fluctuations in share prices and exchange rates, rising geopolitical risks, and uncertainty in the global economy.」

「Meanwhile, the outlook remains uncertain due to the effects of the weaker yen, geopolitical risks and uncertainty in the global economy.」

「Although overseas economies show some resilience, factors affecting Japan's economy include frequent natural disasters, fiscal, monetary and trade policy in Europe and the United States, developments in the Chinese economy, and rising geopolitical risks, leaving the situation still unsuitable for optimism.」

「Japan's economy during the third quarter of the current consolidated cumulative period remained uncertain due to continued inflation, an economic slowdown resulting from global monetary tightening, the effects of the weaker yen, the prolonged Russian invasion of Ukraine, and heightened tensions in the Middle East.」

「Japan's economy during the first quarter of the current consolidated cumulative period remained uncertain due to continued inflation caused by higher resource prices amid geopolitical instability, financial instability led by the United States, an economic slowdown resulting from global monetary tightening, and the effects of the weaker yen.」

「Overseas, factors affecting Japan's economy include excessive inflation, frequent natural disasters, fiscal, monetary and trade policy in Europe and the United States, developments in the Chinese economy, and geopolitical risks such as the situation in Ukraine, leaving the situation still unsuitable for optimism.」

「The outlook remains uncertain due to cost-push inflation driven by higher resource prices amid geopolitical instability, the risk of recession in Europe and the United States, and the rapid depreciation of the yen.」

「The outlook remains uncertain due to the prolonged situation in Ukraine and the resulting surge in resource prices, restrictions on economic activity in China to prevent the spread of COVID-19, and the rapid depreciation of the yen.」

「The situation remains uncertain due to heightened tensions over Ukraine and surging resource prices, among other factors.」

「Looking ahead at Japan's economic outlook, the impact of COVID-19 will continue, and factors affecting Japan's economy include rising infections, vaccination rates, and, overseas, excessive inflation, frequent natural disasters, US fiscal, monetary and trade policy, developments in the Chinese economy, and geopolitical risks such as the situation in Ukraine, leaving the situation still unsuitable for optimism.」

「Looking ahead at Japan's economic outlook, the impact of COVID-19 remains unpredictable, and factors affecting Japan's economy include vaccination rates and efficacy, as well as, overseas, US fiscal, monetary and trade policy under the Biden administration, developments in the Chinese economy, and geopolitical risks, leaving the situation still unsuitable for optimism.」

「Meanwhile, we believe that the global stagnation of economic activity caused by COVID-19 will inevitably become apparent in Japan in the form of deteriorating corporate earnings and sluggish personal consumption.」

「Looking ahead at Japan's economic outlook, factors affecting Japan's economy include the expanding impact of COVID-19, the postponement of the Tokyo Olympic and Paralympic Games scheduled for this year, US fiscal and trade policy, developments in the Chinese economy, and geopolitical risks, leaving the situation still unsuitable for optimism.」

「The impact of a slowdown in overseas economies, including prolonged US-China trade friction, has left exports, in particular, lacking strength.」

「Exports have remained weak, particularly as a result of the impact of a slowdown in overseas economies, including intensifying US-China trade friction.」

「Although the decline in exports resulting from the slowdown in overseas economies, including China, has spread to corporate earnings, capital investment and other areas,」

「Japan's economy during the current consolidated fiscal year was affected by numerous natural disasters, but corporate earnings remained firm and capital investment was on an upward trend. Although employment conditions improved and prices stabilized, personal consumption remained lackluster. In addition, global economic trends contained unstable factors, including concerns over a slowdown in the Chinese economy and the emergence of trade friction, leaving the outlook unsuitable for optimism.」

「In addition, although Japan's economy is expanding moderately as exports trend upward due to the recovery of overseas economies, the global situation also contains unstable factors, including risks that could affect Japanese corporate activity, and the outlook is not suitable for optimism.」

「In addition, although Japan's economy is expanding moderately as exports trend upward due to the recovery of overseas economies, the global economy contains unstable factors, including risks that could affect Japanese corporate activity, and the outlook is not suitable for optimism.」

「Looking ahead at Japan's economic outlook, expectations for an economic upswing are supported by the Tokyo Olympic and Paralympic Games, but factors affecting Japan's economy include US fiscal and trade policy, the course of the UK's negotiations to leave the EU, and geopolitical risks, leaving the situation still unsuitable for optimism.」

「During the third quarter of the current consolidated cumulative period, exports remained firm due to the recovery of overseas economies and stability in foreign exchange markets,」

「Although risks to Japan's economy remain, including US trade and monetary policy and the political and economic conditions in Asian countries, particularly China,」

「Although stagnation had continued due to uncertainty over overseas economies and instability in foreign exchange markets, signs of recovery have recently emerged on the back of a recovery in exports and progress in inventory adjustments.」

「The outlook for overseas economies has become more uncertain, and corporate sentiment has been deteriorating, partly due to the effects of the stronger yen and falling share prices.」

「Amid growing uncertainty over the overseas economic outlook and instability in the yen exchange rate」