Risk of Higher Interest Rates Due to Domestic Inflation and Adjustment of Monetary Easing Policy
First written in FY2023-Q3. 4 of 7 entries say "Materialised", first in FY2024-Q2. Latest entry: FY2026.
Maruhachi Securities moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the fiscal year, Japan's economy remained generally firm, supported by wage increases driven by improving corporate earnings and various government economic measures, despite continued inflation, particularly in food prices, and uncertainty surrounding U.S. trade policy weighing on economic sentiment.」
It states that continued inflation has materialized in the actual economic environment as a factor weighing on economic sentiment. - 2026-04-30WorsenedEarnings
「Although continued increases in prices, particularly for food, and uncertainty surrounding U.S. trade policy were downward factors for business sentiment」
The company identifies continued price increases, uncertainty surrounding U.S. trade policy and geopolitical risks as downward factors affecting economic and price trends. - FY2026-H1MaterialisedAnnual report
「During the interim accounting period from 1 April 2025 to 30 September 2025, Japan's economy was supported by companies' proactive wage increases and other factors, although persistently high inflation, particularly in food prices, weighed on consumer sentiment.」
It has materialized in the actual economic environment as domestic inflation weighing on consumer sentiment. - FY2025-H1MaterialisedAnnual report
「However, in early August, the Nikkei Stock Average plunged to ¥31,156 in a historic decline against a backdrop of concern over continued rate hikes by the Bank of Japan and the yen's appreciation. Thereafter, the easing of the Bank of Japan's hawkish stance and other factors supported investor sentiment, and the market ultimately ended September trading at ¥37,919.」
Against a backdrop of concern over continued rate hikes by the Bank of Japan and the yen's appreciation, the Nikkei Stock Average plunged to ¥31,156, with concerns over higher interest rates materializing as market volatility. - FY2024-Q2MaterialisedAnnual report
「However, selling pressure subsequently continued amid increases in long-term interest rates in Japan and the United States, driven by expectations that U.S. interest rates would remain high for an extended period, among other factors. The market ultimately ended September trading in the ¥31,800 range.」
It states that increases in long-term interest rates in Japan and the United States, driven by expectations that U.S. interest rates would remain high for an extended period, materialized as selling pressure in the domestic equity market. - FY2023WorsenedAnnual report
「In the domestic equity market, concerns over global rate hikes, fears of an economic recession and the Bank of Japan's year-end revisions to its monetary easing measures weighed on the market, while economic normalization and the continuation of a low-interest-rate environment provided support. (Excerpt)」
In addition to global rate hikes and concerns over an economic recession, the Bank of Japan's year-end revisions to its monetary easing measures are cited as a concern for the domestic equity market. - FY2023-Q3First statedAnnual report
「While there are concerns that domestic inflation may reduce household purchasing power, concerns have also begun to emerge that higher interest rates, triggered by the Bank of Japan's moves in December to revise its monetary easing measures, could put pressure on households and the corporate sector. (Excerpt)」
It identifies the decline in household purchasing power due to domestic inflation and the possibility that higher interest rates triggered by the Bank of Japan's revisions to its monetary easing measures could put pressure on households and the corporate sector as new concerns in the economic and financial markets.