Declining investment opportunities and deterioration in loan assets due to the regional economic downturn
First written in FY2017-Q1. 10 of 18 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「Although some weakness, including rising prices, remains, the economy is gradually recovering through the use of tourism resources and efforts to attract businesses.」
It states that the Nara Prefecture economy is gradually recovering, despite some weakness caused by rising prices, against a backdrop of the use of tourism resources and efforts to attract businesses. - FY2026-H1MitigatedAnnual report
「In the local economy centered on Nara Prefecture, capital investment remained solid, while personal consumption gradually recovered due in part to increases in inbound tourism and domestic tourists, and employment conditions also began to improve.」
It notes solid capital investment, increases in inbound tourism and domestic tourists, a recovery in personal consumption, and improving employment conditions, indicating that the local economy continues to improve. - FY2024-Q2MitigatedAnnual report
「In the local economy centered on Nara Prefecture, personal consumption is gradually recovering, driven in part by the increase in inbound tourism, and employment conditions are also beginning to improve.」
It states that personal consumption is gradually recovering against a backdrop of increased inbound tourism, and that employment conditions are also beginning to improve. - FY2023-Q2MitigatedAnnual report
「Although some weakness remained in the local economy centred on Nara Prefecture, personal consumption, production activity and employment conditions were gradually recovering.」
It states that, although some weakness remains, personal consumption, production activity and employment conditions are gradually recovering, indicating an improvement from the slowdown in the pace of recovery in the previous fiscal year. - FY2022WorsenedAnnual report
「In the Nara Prefecture economy as well, a gradual recovery continued overall, particularly in tourism and food services, as restrictions on activities were eased. However, the spread of a new variant has recently exerted downward pressure, slowing the pace of economic recovery.」
The report describes a recovery in the regional economy, while noting that a new variant has slowed the pace of economic recovery. - FY2022-Q2MitigatedAnnual report
「The local economy centred on Nara Prefecture is gradually recovering in terms of employment conditions, personal consumption and production activity.」
Against the downward pressure from the COVID-19 pandemic and weakness in employment that had continued from the previous fiscal year, the report indicates that employment conditions, personal consumption and production activity are gradually recovering. - FY2021WorsenedAnnual report
「Toward the end of the fiscal year, COVID-19 became a rapidly intensifying downward pressure on the local economy, particularly the tourism and food-service industries.」
For the local economy, the report describes a shift from the previous recovery trend to rapidly intensifying downward pressure from the COVID-19 pandemic, particularly on the tourism and food-service industries. - FY2021-Q2Recovery and weakness in employment conditions coexisted in the local economy.Annual report
「Meanwhile, employment conditions in the local economy centred on Nara Prefecture weakened, while some signs of recovery were seen in production activity and personal consumption.」
The report indicates weakness in employment conditions in the local economy, while noting some signs of recovery in production activity and personal consumption. - FY2020-Q2MitigatedAnnual report
「Meanwhile, the local economy centred on Nara Prefecture recovered gradually overall, with personal consumption recovering gradually, production activity showing signs of recovery and employment conditions steadily improving.」
The report describes a continued recovery trend in the local economy, including a gradual recovery in personal consumption, a recovery in production activity and steady improvement in employment conditions. - FY2019-Q2The recovery trend was maintained, while the impact of natural disasters was added.Annual report
「Meanwhile, although the local economy centred on Nara Prefecture was partly affected by a series of natural disasters, it was gradually recovering overall as personal consumption recovered gradually and production activity also showed signs of recovery.」
The local economy continued to show a gradual recovery trend overall, while the report added that it was partly affected by a series of natural disasters. - FY2018MitigatedAnnual report
「In the local economy centred on Nara Prefecture, some companies saw profits decline due to higher personnel expenses, freight costs and procurement prices caused by labour shortages, while the performance of other companies, particularly those related to exports and inbound tourism, improved. Overall, the local economy showed a gradual recovery trend, similar to the national economy.」
While some companies experienced lower profits due to higher personnel and other costs, others, particularly those related to exports and inbound tourism, improved, and the local economy is described as generally showing a gradual recovery trend. - FY2018-Q3MitigatedAnnual report
「Meanwhile, looking at the local economy centred on Nara Prefecture, signs of recovery are spreading overall, with personal consumption and production activity showing signs of recovery and employment conditions steadily improving.」
The report notes recovery in personal consumption and production activity and steady improvement in employment conditions, expressing a stronger improvement trend in the local economy than in the previous quarter. - FY2018-Q2MitigatedAnnual report
「Meanwhile, looking at the local economy centred on Nara Prefecture, signs of a gradual recovery are spreading overall, with personal consumption and production activity gradually recovering and employment conditions also improving.」
Compared with the previous quarter’s overall flat conditions, the report describes recovery in personal consumption and production activity and improved employment conditions, indicating a shift toward improvement in the local economy. - FY2018-Q1RestatedAnnual report
「Meanwhile, looking at the local economy centred on Nara Prefecture, the economy overall remained flat, although some areas, including personal consumption and production activity, showed signs of recovery.」
The view that the local economy is flat overall, despite some signs of recovery, continues to be reported. - FY2017RestatedAnnual report
「Business sentiment varied across companies. In personal consumption, sales at department stores and supermarkets were mixed overall, with food products, including prepared foods, remaining firm while apparel sales were weak due to the prolonged spell of hot weather.」
The local economy is described as showing variation by industry and consumption category, while moving in fits and starts. - FY2017-Q3MitigatedAnnual report
「Meanwhile, looking at the local economy centred on Nara Prefecture, the economy overall remained flat, although some areas, including personal consumption and production activity, showed signs of recovery.」
Compared with the previous quarter’s description of the economy as sluggish, this period mentions some recovery in personal consumption and production activity and describes the overall economy as flat, adding an indication of improvement in local economic conditions. - FY2017-Q2WorsenedAnnual report
「Looking at the local economy centred on Nara Prefecture, the economy overall remained sluggish, with some signs of improvement but weakness in production activity.」
Compared with the previous quarter’s description of the economy as moving in fits and starts, this period refers to weakness in production activity and describes the local economy as sluggish, using more negative language. - FY2017-Q1First statedAnnual report
「Regional economic stagnation reduces investment opportunities and contributes to deterioration in loan assets and lower earning power through worsening conditions at counterparties. Looking at the local economy centred on Nara Prefecture, the economy overall moved in fits and starts, with some signs of improvement but some weakness in personal consumption.」
Regional economic stagnation presents risks to investment opportunities, counterparties’ business conditions, loan assets and earning power. The local economy is described as moving in fits and starts, with some weakness in personal consumption.