Uneven Global Economic Recovery, Supply Chain Disruptions and Uncertainty over Interest-Rate Trends
First written in FY2022-Q2. 6 of 13 entries say "Worsened", first in FY2022-Q3. Latest entry: 2026-08-06.
Sun Frontier Fudousan moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 25 of 36 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2026Geopolitical risks and supply constraints coexist with factors supporting economic recoveryAnnual report
「In the global economy, energy prices have continued to rise amid heightened tensions in the Middle East, increasing uncertainty over the outlook, including the risk of renewed inflation and effects on supply chains.」
In addition to previous concerns over geopolitical risks and a slowdown in the Chinese economy, the Company newly specifies the situation in the Middle East, higher energy prices, renewed inflation and effects on supply chains. At the same time, it describes the domestic economy and demand for central Tokyo offices as firm. - FY2026-H1Concerns over geopolitical risks and a slowdown in China are presented together with US rate cutsAnnual report
「The global growth outlook remains uncertain as geopolitical risks and a slowdown in the Chinese economy persist, while in the United States the Federal Reserve Board (FRB) decided to cut policy rates against a backdrop of the risk of deterioration in employment conditions.」
The Company explains that uncertainty caused by geopolitical risks and a slowdown in the Chinese economy continues, while the FRB decided to cut rates in the United States against a backdrop of the risk of deterioration in employment conditions. - FY2025Added uncertainty arising from US tariff policyAnnual report
「The domestic economy continued to recover moderately, supported by improvements in employment and income conditions and a sharp increase in inbound demand. In financial markets, the Bank of Japan refrained from an additional rate hike amid uncertainty caused by US tariff policy, and the rise in domestic interest rates showed signs of settling. However, the impact of US policy changes, a slowdown in the Chinese economy and geopolitical risks requires close monitoring of the future growth outlook.」
While indicating factors supporting an economic recovery, the Company describes uncertainty over the growth outlook due to US tariff policy and policy changes, a slowdown in the Chinese economy and geopolitical risks. - FY2025-H1Concerns over a slowdown in China and geopolitical risks are presented together with expectations for recoveryAnnual report
「Lower interest rates in the United States and Europe are expected to sustain economic growth in the United States and stimulate economic activity in Europe. Meanwhile, concerns remain over slower economic growth due to a slowdown in China and the impact of geopolitical risks related to the situations in the Middle East and Ukraine.」
While indicating expectations for recovery in the United States and Europe from lower interest rates, the Company describes concerns over slower growth due to a slowdown in China and geopolitical risks related to the situations in the Middle East and Ukraine. - FY2024-Q3Continued concerns and expectations for economic recovery are presented togetherAnnual report
「The global economic outlook remains a concern due to persistently high policy rates in various countries, a slowdown in the Chinese economy and geopolitical risks. At the same time, expectations are rising that the United States will shift toward cutting policy rates and achieve a soft landing.」
Concerns over persistently high policy rates in various countries, a slowdown in the Chinese economy and geopolitical risks continue. At the same time, expectations for a shift toward US rate cuts and a soft landing are also presented, resulting in an explanation that combines risks with expectations for improvement. - FY2024-Q2WorsenedAnnual report
「The global economy is facing concerns over an economic slowdown due to monetary tightening in various countries and concerns about the economic outlook resulting from China's property downturn.」
Regarding global economic risks, the Company specifically describes concerns over an economic slowdown caused by monetary tightening in various countries and China's property downturn. - FY2023RestatedAnnual report
「The global economy is facing concerns over an economic slowdown caused by the prolonged situation in Ukraine, persistently high inflation in various countries and interest-rate increases.」
The Company continues to monitor the situation in Ukraine, an economic slowdown caused by inflation and interest-rate increases, and volatility in financial and capital markets. - FY2023-Q2WorsenedAnnual report
「The global economy is facing concerns over stagflation caused by a slowdown resulting from prolonged uncertainty over the situation in Ukraine, inflation and interest-rate increases in various countries.」
The Company continues to cite concerns over the situation in Ukraine, inflation and interest-rate increases in various countries, an economic slowdown and the resulting risk of stagflation. - FY2023-Q1WorsenedAnnual report
「The global economy is facing concerns over stagflation caused by a slowdown resulting from prolonged uncertainty over the situation in Ukraine, inflation and interest-rate increases in various countries, and the Shanghai lockdown in China, even as the impact of COVID-19 eases.」
Regarding uncertainty in the global economy, the Company specifically describes, in addition to the previous concerns over infectious diseases and monetary tightening, the prolonged situation in Ukraine, inflation and interest-rate increases in various countries, and concerns over a slowdown and stagflation caused by the Shanghai lockdown. - FY2022-Q3WorsenedAnnual report
「While the impact of this new variant is spreading through the global economy, expectations of reduced monetary easing and tighter monetary policy have been strengthening in various countries against a backdrop of rapidly rising prices. Interest-rate trends will need to be monitored closely.」
Regarding uncertainty in the global economy, the Company cites, in addition to the impact of new variants, the reduction of monetary easing and expectations of monetary tightening against a backdrop of rapidly rising prices, as well as caution over interest-rate trends. - FY2022-Q2First statedAnnual report
「The global economy is facing heightened uncertainty as the recovery from the downturn caused by COVID-19 has widened the gap between advanced and developing economies and caused supply chain disruptions. As the FRB explores the normalization of monetary policy, it is necessary to closely monitor uncertain market movements surrounding future interest-rate trends.」
The Company has identified, for the first time as a standalone theme concerning the global economy, the recovery gap between advanced and developing economies, supply chain disruptions and interest-rate trends associated with FRB monetary-policy normalization as sources of uncertainty.