Uncertainty over the economic outlook stemming from the slowdown in emerging market economies and the UK's EU withdrawal issue
First written in FY2017-Q2. 6 of 9 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026-H1.
The Nanto Bank moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 56 of 67 companies on the "Worse" side.
21 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Meanwhile, uncertainty about the outlook continues amid the unstable international situation, including soaring resource prices, rising prices and the impact of US trade policy.」
In addition to the previously cited unstable international situation and price factors, the impact of US trade policy is described as a new source of uncertainty. - FY2025-H1WorsenedAnnual report
「The outlook remained uncertain due to soaring resource prices, rising prices, higher interest rates and exchange-rate volatility resulting from the Bank of Japan's review of its monetary easing policy, as well as unstable international conditions.」
Specific factors contributing to uncertainty in the domestic and overseas economies were disclosed, including soaring resource prices, rising prices, higher interest rates resulting from the review of monetary easing policy, and exchange-rate volatility, in addition to the previously cited international conditions and policy rates. - FY2023-Q2WorsenedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, Japan's economy was on a gradual recovery trend as the impact of COVID-19 eased and efforts to balance infection control with socioeconomic activity progressed. However, the outlook remained uncertain, as the yen depreciated rapidly against a backdrop of the prolonged situation in Ukraine and widening interest-rate differentials between Japan and the United States due to higher policy rates in Europe and the United States, driving up raw material prices.」
New factors contributing to uncertainty in overseas economies, including the prolonged situation in Ukraine, higher policy rates in Europe and the United States, yen depreciation and soaring raw material prices, were disclosed, and uncertainty about the outlook continued. - FY2018-Q3WorsenedAnnual report
「However, the economic outlook remained uncertain due to uncertainty over the political situation in Europe and the United States and heightened geopolitical risks concerning North Korea and the Middle East.」
Geopolitical risks concerning the political situation in Europe and the United States, North Korea and the Middle East were disclosed, broadening the factors contributing to uncertainty about the economic outlook. - FY2018-Q2RestatedAnnual report
「However, the economic outlook remained uncertain due to uncertainty over the political situation in Europe and the United States and heightened geopolitical risks, including the situation on the Korean Peninsula.」
Uncertainty about the economic outlook due to overseas political conditions and geopolitical risks continues. - FY2018-Q1WorsenedAnnual report
「However, the economic outlook remained uncertain due to the policy management of the new US administration, uncertainty over the political situation in Europe, and heightened geopolitical risks in the Middle East and East Asia.」
New factors contributing to uncertainty in overseas economies, including the policy management of the new US administration, the political situation in Europe, and geopolitical risks in the Middle East and East Asia, were disclosed, and uncertainty about the economic outlook continued. - FY2017MitigatedAnnual report
「Toward the second half of the fiscal year, uncertainty about the domestic and overseas economic outlook eased, while the US presidential election in November last year contributed to rising share prices and a weaker yen, resulting in a continued overall trend of gradual recovery.」
While the first half of the fiscal year was marked by uncertainty due to the stagnation of emerging-market economies and the UK's Brexit issue, uncertainty eased in the second half, and a gradual recovery trend was reported. - FY2017-Q3WorsenedAnnual report
「However, the outlook for the economy remained uncertain amid heightened uncertainty in overseas economies, including the slowdown in emerging-market economies, the UK's Brexit issue, and concerns about the policy direction following the US presidential election.」
In addition to the previously cited slowdown in emerging-market economies and the UK's Brexit issue, concerns about policy direction following the US presidential election were added, broadening the factors contributing to uncertainty in overseas economies. - FY2017-Q2First statedAnnual report
「However, the outlook for the economy remained uncertain amid heightened uncertainty in overseas economies, including the slowdown in emerging-market economies and the UK's Brexit issue.」
It identifies uncertainty in overseas economies stemming from the slowdown in emerging-market economies and the UK's Brexit issue as risks to the economic outlook for the first time.