Impact of Developments in the New U.S. Administration on Domestic Economic Conditions
First written in FY2018-Q1. 8 of 14 entries say "Restated". Latest entry: 2026-06-03.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- FY2026-H1Restatement of the review of US trade policyAnnual report
「Japan's economy during the interim consolidated accounting period showed signs of a moderate recovery on improvements in employment and wages, but the outlook remained uncertain due to rising prices caused by factors including persistently high resource and energy prices and the impact of the review of US trade policy.」
The company has again specifically identified the impact of changes to US trade policy, which had previously not been mentioned separately, as a factor making the economic outlook uncertain. - FY2021-Q2DroppedAnnual reportThe economic environment description for the second quarter contains no specific reference to developments under the new US administration, US protectionist policies, or US-China trade friction.
- FY2020-Q3RestatedAnnual report
「Regarding future economic conditions, moderate economic expansion is expected ahead of the Tokyo Olympic and Paralympic Games, and personal consumption is also expected to remain on a recovery trend. However, there are many destabilizing factors, including overseas geopolitical risks such as a slowdown in emerging-market economies including China, trade friction between the US and China, deteriorating relations between the US and Iran, and the UK's withdrawal from the EU, as well as the impact on the domestic economy of the consumption tax increase implemented since October last year and the effects of natural disasters. Accordingly, the outlook is expected to remain uncertain.」
The company continues to cite uncertainty over the outlook arising from overseas factors, including concerns over trade friction between the US and China. - FY2020-Q2RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, concerns over US-China trade friction, and the UK's withdrawal from the EU.」
The company continues to cite concerns over trade friction between the US and China as a factor contributing to overseas uncertainty and an increasingly uncertain outlook for the domestic economy. - FY2020-Q1ReframedAnnual report
「However, the outlook remains uncertain due to overseas geopolitical risk factors, including concerns over a slowdown in emerging-market economies such as China, concerns over trade friction between the US and China, and deteriorating relations with South Korea.」
The way the risk is presented has changed from the previous reference to trade friction arising from US protectionist policies to concerns over trade friction between the US and China. - FY2019-Q3RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, concerns over trade friction resulting from US protectionist policies and deteriorating relations with South Korea.」
The company continues to cite concerns over trade friction arising from US protectionist policies as a factor contributing to overseas uncertainty and an increasingly uncertain outlook for the domestic economy. - FY2019-Q2RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China and concerns over trade friction resulting from US protectionist policies.」
The company continues to cite concerns over trade friction arising from US protectionist policies as a factor contributing to overseas uncertainty and an increasingly uncertain outlook for the domestic economy. - FY2019-Q1ReframedAnnual report
「However, the outlook remains uncertain due to overseas geopolitical risk factors, including concerns over a slowdown in emerging-market economies such as China, concerns over trade friction arising from US protectionist policies, and the North Korea issue.」
The wording has changed from the previous reference to the impact of US protectionist policies on the domestic economy to concerns over trade friction arising from protectionist policies in the current quarter. - FY2018ReframedAnnual report
「There are many destabilizing factors, including a slowdown in emerging market economies, US protectionist policies and the North Korean issue, that could affect the domestic economy, and the outlook is expected to remain uncertain.」
The previous wording, "developments under the new US administration," has been made more specific as "the impact of US protectionist policies on the domestic economy." - FY2018-Q3RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, policy developments under the new US administration and the North Korean issue.」
The company continues to disclose the policy developments of the new US administration as a source of overseas uncertainty and a factor affecting the domestic economy. - FY2018-Q2RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, policy developments under the new US administration and the North Korean issue.」
The company continues to disclose the policy developments of the new US administration as a source of overseas uncertainty and a factor affecting the domestic economy. - FY2018-Q1First statedAnnual report
「However, concerns remain over the impact on the domestic economy of growing uncertainty in overseas economies, including the slowdown in emerging-market economies such as China, the UK's withdrawal from the EU, and developments under the new US administration, and the outlook remains uncertain.」
For the first time, the company specifically identifies developments under the new US administration as a factor that increases uncertainty in overseas economies and could affect the domestic economy.