Fukuoka Financial Group (8354) · RiskMitigated
Some impact on personal consumption from torrential rains in northern Kyushu
First written in FY2018-Q2. 1 of 2 entries say "Mitigated", first in FY2018. Latest entry: FY2018.
2entries
2years
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Impact of the Northern Kyushu torrential rains on personal consumptionA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2018MitigatedAnnual report
「Personal consumption, particularly tourism-related consumption, showed some weakness in the first half of the fiscal year due in part to the torrential rains in northern Kyushu. However, the overall economy continued to expand moderately, supported by production driven by strong overseas demand and increased exports, particularly automobiles and semiconductors.」
Explains that the impact of the torrential rains in northern Kyushu on personal consumption occurred in the first half of the fiscal year, while the economy expanded moderately over the full fiscal year. - FY2018-Q2First statedAnnual report
「Although the torrential rains in northern Kyushu had some impact on personal consumption, the economy recovered overall and expanded moderately in general.」
While noting that the torrential rains in northern Kyushu did have some impact on personal consumption, explains that the regional economy as a whole recovered and expanded moderately.