External risks to regional economies, including slowing growth in emerging market economies and the Kumamoto earthquake
First written in FY2016. 5 of 21 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
The Bank Of Saga moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 7 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Continued recovery in the regional economy and monitoring of trade, monetary policy and the situation in the Middle EastAnnual report
「The Northern Kyushu economy, our primary operating base, has continued to recover moderately overall, with personal consumption remaining firm against a backdrop of improving employment conditions. Meanwhile, the impact of trade and monetary policies in the US and other countries, as well as developments in the Middle East, will continue to require monitoring.」
While the Northern Kyushu economy continues to recover, the report identifies trade and monetary policies in various countries, as well as the situation in the Middle East, as external risks requiring monitoring. - FY2026-H1An uncertain outlook due to tariff issues and recovery in the regional economyAnnual report
「During the interim consolidated accounting period, Japan's economy continued to face an uncertain outlook due to the impact of tariff issues originating in the US, although improvements were seen in employment, income conditions and other areas. In the Northern Kyushu economy, our primary operating base, personal consumption, production activity and employment conditions are gradually recovering, although the impact of higher prices has been observed.」
While personal consumption, production activity and employment conditions in Northern Kyushu are gradually recovering, the impact of higher prices remains. In addition to monetary policy and foreign exchange trends, which have been monitored previously, the report identifies the uncertain outlook resulting from tariff issues originating in the US as an external risk. - FY2024Recovery in the regional economy and monitoring of interest rate and price trendsAnnual report
「The Northern Kyushu economy, our primary operating base, continues to recover, with personal consumption and employment on an increasing trend, although some impact from price increases caused by higher raw material prices has been observed.」
While personal consumption and employment in Northern Kyushu have continued to increase and the economy has continued to recover, the report monitors price increases caused by higher raw material prices and the impact of monetary policies in Japan, the US and Europe and yen depreciation. - FY2024-Q2Recovery in the regional economy and monitoring of higher pricesAnnual report
「The Northern Kyushu economy, our primary operating base, continues to recover, with personal consumption and employment on an increasing trend, although some impact from price increases caused by higher raw material prices has been observed.」
The report states that personal consumption and employment in Northern Kyushu are on an increasing trend and that the economy continues to recover, while price increases caused by higher raw material prices are having an impact. - FY2023Recovery in the regional economy and monitoring of supply constraints and higher pricesAnnual report
「In fiscal 2022, Japan's economy showed signs of a moderate recovery as restrictions on economic and social activity related to the COVID-19 pandemic were eased. However, the outlook remained uncertain due to higher raw material prices resulting from the prolonged situation in Ukraine and the impact of US policy rate hikes, among other factors.」
While economic activity and personal consumption and employment in Northern Kyushu are described as recovering, the situation in Ukraine, higher raw material prices, US rate hikes and supply-side constraints continue to be monitored. - FY2023-Q2Recovery in the regional economy and monitoring of higher raw material prices and yen depreciationAnnual report
「The Northern Kyushu economy, our primary operating base, continues to recover, with personal consumption and employment on an increasing trend, although production activity has been affected in part by higher raw material prices.」
The report states that personal consumption and employment in Northern Kyushu are on an increasing trend and that the economy continues to recover, while production activity is being affected by higher raw material prices. - FY2022WorsenedAnnual report
「It is also necessary to respond swiftly to turning points in the financial environment, including the advance of global inflation, higher resource prices resulting from the situation in Ukraine, and yen depreciation.」
While the impact of the COVID-19 pandemic continues, global inflation and higher resource prices and yen depreciation resulting from the situation in Ukraine have been added as matters requiring monitoring in the external environment. - FY2022-Q2MaterialisedAnnual report
「During the six-month period ended [the second quarter] (the interim consolidated accounting period), Japan's economy remained in a challenging condition due to the resurgence of the COVID-19 pandemic. However, exports continued to increase moderately, production continued to recover, and corporate earnings also showed signs of recovery.」
The report states that while economic conditions remain challenging due to the resurgence of the COVID-19 pandemic, exports, production and corporate earnings are showing signs of recovery. It also states that weakness remains in employment and income conditions in Northern Kyushu. - FY2021MaterialisedAnnual report
「The Northern Kyushu economy, our primary operating base, has also recently shown weakness, particularly in employment and income conditions, due to the impact of the pandemic.」
The COVID-19 pandemic has caused employment and income conditions in Northern Kyushu to weaken. - FY2021-Q2MaterialisedAnnual report
「The Northern Kyushu economy, our primary operating base, has also recently shown weakness, particularly in employment and income conditions, due to the impact of the pandemic.」
The report states that employment and income conditions in Northern Kyushu have actually weakened due to the impact of the COVID-19 pandemic. - FY2020MaterialisedAnnual report
「In fiscal 2019, Japan's economy continued to see improvements in corporate earnings and employment and income conditions. However, the outlook remained increasingly challenging as the prolonged US-China trade conflict was compounded by the expanding impact of the COVID-19 pandemic on domestic and overseas economies toward the end of the fiscal year.」
In addition to the overseas developments previously being monitored, the impact of the COVID-19 pandemic actually expanded toward the end of the fiscal year, and personal consumption, exports and production in Northern Kyushu showed weakness. - FY2020-Q2Monitoring US-China trade policy and concerns over deteriorating Japan-South Korea relationsAnnual report
「During the six-month period ended [the second quarter] (the interim consolidated accounting period), Japan's economy remained supported by continued improvement in corporate earnings and employment conditions, and personal consumption remained firm. However, the impact of overseas developments, including developments surrounding US-China trade policy and concerns over deteriorating Japan-South Korea relations, requires monitoring. In the Northern Kyushu economy, our primary operating base, economic conditions are generally on a moderate recovery trend, with automotive-related production and exports increasing against a backdrop of improving employment and income conditions and expanding overseas demand.」
While the Northern Kyushu economy has continued on a moderate recovery trend, the report identifies overseas monetary policy, which had already been monitored, as well as US-China trade policy and concerns over deteriorating Japan-South Korea relations, as matters requiring attention in overseas developments. - FY2019-Q2Continued recovery in the regional economy and monitoring of US trade policy and monetary policy normalization in the US and EuropeAnnual report
「During the six-month period ended [the second quarter] (the interim consolidated accounting period), Japan's economy remained on a moderate recovery trend, as corporate earnings and employment conditions improved and personal consumption also showed signs of recovery. However, the impact of overseas developments, including developments surrounding US trade policy, requires monitoring. In the Northern Kyushu economy, our primary operating base, economic conditions are generally on a moderate recovery trend, with production and exports increasing against a backdrop of improving employment and income conditions and expanding overseas demand.」
While the Northern Kyushu economy has continued on a recovery trend, the report identifies US trade policy, in addition to the monetary policies previously monitored, as a matter requiring attention in overseas developments. - FY2018Continued improvement in the regional economy and monitoring of overseas monetary policyAnnual report
「As for the Northern Kyushu economy, our primary operating base, corporate earnings improved on the steady growth in exports and other factors while economic conditions remained strong both domestically and overseas. The recovery in personal consumption and improvement in employment conditions also continued.」
While corporate earnings, personal consumption and employment conditions in Northern Kyushu continued to improve, the impact of moves by the US and Europe to scale back monetary easing continues to be monitored. - FY2018-Q2Recovery in the regional economy and monitoring of overseas developmentsAnnual report
「As for the Northern Kyushu economy, our primary operating base, personal consumption is recovering as employment and income conditions improve. Corporate sentiment is also improving, as a recovery in inbound demand and firm orders related to automobiles and semiconductors have supported production activity. Meanwhile, in the financial sector, interest rates in the corporate lending and personal loan markets have remained at extremely low levels amid a funding and investment environment in which the negative interest rate policy remains in place. The impact of moves by the US and Europe to scale back monetary easing policies will require monitoring going forward.」
While personal consumption and corporate sentiment in Northern Kyushu are described as recovering or improving, the report identifies US policy, the situation in North Korea and the impact of moves by the US and Europe to scale back monetary easing as matters requiring monitoring. - FY2018-Q1RestatedAnnual report
「In the Northern Kyushu economy, our primary operating base, personal consumption and corporate earnings have remained firm, supported by steady improvements in employment conditions.」
Personal consumption and corporate earnings in Northern Kyushu are described as remaining firm against a backdrop of improving employment conditions, indicating that the regional economy's recovery trend from the previous fiscal year has continued. - FY2017MitigatedAnnual report
「As for the Northern Kyushu economy, our primary operating base, although it was affected by the Kumamoto Earthquake that occurred at the beginning of the fiscal year, personal consumption is showing signs of recovery as employment conditions improve amid efforts toward reconstruction, and corporate activity is also on a recovery trend.」
Although the impact of the Kumamoto Earthquake is noted, personal consumption and corporate activity are described as recovering or showing signs of recovery, indicating that the impact on the regional economy has eased to some extent. Overseas, developments in the Chinese economy, the European political situation and US policy are being monitored. - FY2017-Q3Continued recovery in the regional economy and monitoring of US policies and the impact of interest rate hikesAnnual report
「As for the Northern Kyushu economy, our primary operating base, personal consumption is recovering against a backdrop of improving employment conditions. Corporate activity is also showing signs of recovery, helped by increased exports of automobiles and other products. The impact of the inauguration of the new US president and the raising of policy interest rates will require monitoring going forward.」
While the regional economy has continued to show signs of recovery in both personal consumption and corporate activity following the Kumamoto Earthquake, the launch of the new US administration and the impact of policy rate hikes are identified as new matters requiring monitoring. - FY2017-Q2MitigatedAnnual report
「As for the Northern Kyushu economy, our primary operating base, personal consumption is showing signs of recovery, supported by a pickup in housing investment and other factors. Corporate activity is also recovering, with production, which had declined following the April 2016 Kumamoto Earthquake, showing a recovery led by the automotive and semiconductor sectors.」
Production, which had declined following the Kumamoto Earthquake, is recovering, and personal consumption is also showing signs of recovery, indicating that the impact on the regional economy noted in the previous quarter has eased to some extent. - FY2017-Q1MaterialisedAnnual report
「In the northern Kyushu economy, the bank's primary operating base, personal consumption has remained weak and corporate activity has been flat, partly due to the impact of the Kumamoto Earthquake in April 2016. However, signs of a gradual recovery have emerged in some areas, and both personal consumption and corporate activity are expected to show a path to recovery against a backdrop of improving employment conditions.」
The bank states that the Kumamoto Earthquake, previously identified as a concern, actually affected personal consumption and corporate activity in northern Kyushu. It also identifies the impact of the UK's withdrawal from the EU as an issue requiring close monitoring. - FY2016First statedAnnual report
「Looking ahead, concerns include the impact of a slowdown in emerging-market economies such as China and the impact of the 2016 Kumamoto Earthquake.」
As northern Kyushu is its primary operating base, the bank identifies the impact of a slowdown in overseas economies and natural disasters on the regional economy, customers and business operations as external risks.