Uncertainty in Overseas Economies, Including U.S. Monetary and Trade Policy
First written in FY2018-Q1. 14 of 29 entries say "Worsened", first in FY2018. Latest entry: 2026-10-13.
The whole theme swung hardest in 2022: 125 of 168 companies on the "Worse" side.
- 2026-10-13Materialisedfinance.yahoo.co.jp
「Although the operating environment for the manufacture and sale of organic solvent recovery systems in the Environment and Energy segment remained solid against a backdrop of strong demand, some of several large projects were pushed into the following fiscal year as customer companies carefully assessed the timing of their capital investment decisions amid uncertainty over the situation in the Middle East.」
Uncertainty surrounding overseas markets and the trade environment materialized as specific impacts on performance, namely customers postponing capital investment and large projects being pushed into the following fiscal year. - FY2026-H1WorsenedAnnual report
「At the same time, uncertainty remained over the outlook due to the continuing rise in prices, volatility in the financial and capital markets, overseas economic trends and changes in the trade environment. More recently, uncertainty has also increased regarding fluctuations in crude oil prices associated with the destabilization of the situation in Iran and the impact on the global economy.」
In addition to rising prices, volatility in financial and capital markets, overseas economies, and the trade environment, the impact of the situation in Iran on crude oil prices and the global economy has emerged as a new source of uncertainty. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, employment and income conditions in Japan improved, but concerns over a slowdown in overseas economies caused by high-interest-rate policies in Europe and the US and adjustments in China’s real estate market continued, leaving the outlook surrounding corporate activity uncertain.」
While acknowledging the improvement in employment and income conditions, the statement continues to identify high-interest-rate policies in Europe and the US and the adjustment in China’s real estate market as sources of concern over a slowdown in overseas economies. - FY2024RestatedAnnual report
「Meanwhile, uncertainty continued due to persistently high interest rates in Europe and the US, stagnation in China’s real estate market, and concerns over global price increases.」
High interest rates overseas, stagnation in China’s real estate market, and concerns over global price increases continue to be identified as sources of uncertainty in overseas economies. - FY2024-Q3RestatedAnnual report
「However, uncertainty remains in Japan’s economy, including the impact of global monetary tightening and concerns over a downturn in overseas economies, particularly in China, Europe, and the US.」
Global monetary tightening and concerns over a downturn in overseas economies, particularly in China, Europe, and the US, continue to be identified as sources of uncertainty in the economic environment. - FY2024-Q2RestatedAnnual report
「As risks remained that a downturn in overseas economies, arising from the impact of global monetary tightening and concerns over the outlook for China’s economy, could put downward pressure on Japan’s economy, the outlook remained uncertain.」
The risk of a downturn in overseas economies and uncertainty over the outlook continue to be described in terms of global monetary tightening and concerns over the outlook for China’s economy. - FY2024-Q1WorsenedAnnual report
「During the three-month period, the outlook for Japan’s economy remained uncertain as the recovery trend slowed due to the prolonged situation in Ukraine, persistently high raw material and energy prices, prolonged labor shortages, and sharp exchange-rate volatility.」
The statement identifies the prolonged situation in Ukraine, persistently high raw material and energy prices, labor shortages, and sharp exchange-rate volatility as specific factors, indicating a slowdown in the economic recovery and continued uncertainty over the outlook. - FY2023RestatedAnnual report
「There were also concerns about the risk that a downturn in overseas economies could put downward pressure on Japan’s economy and the impact of volatility in financial and capital markets. The outlook for the economy therefore remained uncertain.」
While signs of a recovery emerged in the domestic economy, uncertainty due to a downturn in overseas economies and volatility in financial and capital markets continued. - FY2023-Q3RestatedAnnual report
「There were also concerns about the risk that a downturn in overseas economies could put downward pressure on Japan’s economy, as well as the impact of rising prices and volatility in financial and capital markets. The outlook for the economy therefore remained uncertain.」
While referring to the recovery in domestic demand and signs of a recovery in manufacturing, the statement continues to indicate uncertainty over the outlook due to a downturn in overseas economies, rising prices, and volatility in financial and capital markets. - FY2023-Q2WorsenedAnnual report
「During the six-month period, Japan’s economy continued to recover moderately as social and economic activity gradually normalized under the “with-COVID” environment. However, amid continued global monetary tightening and other factors, a downturn in overseas economies posed a risk of putting downward pressure on Japan’s economy.」
While social and economic activity was gradually normalizing, the statement newly identified the risk of a downturn in overseas economies caused by global monetary tightening and other factors. - FY2023-Q1WorsenedAnnual report
「During the three-month period, Japan’s economy shifted to negative growth, mainly due to sluggish personal consumption and increased imports arising from the resurgence of COVID-19 infections and other factors. Meanwhile, the US economy remained relatively resilient despite slowing, while China’s economy, the center of the Asian economy, was on a slowing trend due to the impact of lockdowns.」
Japan’s economy is shown to have shifted to negative growth, while China’s economy also entered a slowing trend due to the impact of lockdowns. In addition to the previously identified concerns over COVID-19, supply constraints, and uncertainty in overseas economies, an economic slowdown has become more pronounced. - FY2022-Q3WorsenedAnnual report
「During the nine-month period, economic activity was gradually resuming even as the impact of COVID-19 remained persistent. However, the outlook remained uncertain amid surging raw material and crude oil prices due to the situation in Ukraine and other factors, as well as continuing exchange-rate volatility, including a rapid depreciation of the yen.」
While the impact of COVID-19 continued, surging raw material and crude oil prices related to the situation in Ukraine and exchange-rate volatility, including a rapid depreciation of the yen, emerged as specific new concerns, and uncertainty over the outlook persisted. - FY2022-Q2WorsenedAnnual report
「During the six-month period, the impact of COVID-19 remained persistent despite progress in vaccinations in Japan and overseas, and there were still no signs of containment. In addition, the economy faced the risk of a global semiconductor shortage, leaving the outlook uncertain.」
While the impact of COVID-19 continued, the risk of a global semiconductor shortage was newly identified explicitly, and uncertainty over the outlook persisted. - FY2022-Q1RestatedAnnual report
「Meanwhile, concerns have also arisen over the spread of new variants, and the outlook remains uncertain.」
While signs of a recovery have emerged with the progress of vaccinations, concerns over the spread of new variants and uncertainty over the outlook continue. - FY2021-Q3WorsenedAnnual report
「During the nine-month period, the business environment remained severe as repeated declarations of a state of emergency by the government due to the spread of COVID-19 led to deterioration in corporate earnings and personal consumption. Although economic activity was gradually resuming in Japan and overseas, the outlook remained uncertain.」
In addition to the restrictions on economic activity and expectations of a recovery described in the previous quarter, the deterioration in corporate earnings and personal consumption caused by repeated declarations of a state of emergency is explicitly noted, indicating a worsening business environment. - FY2021-Q2RestatedAnnual report
「During the six-month period, economic activity was restricted by the spread of COVID-19. Although the outlook for the economy remained uncertain, there were expectations of a recovery as economic activity resumed in stages.」
While restrictions on economic activity and uncertainty over the outlook continued as a result of the spread of COVID-19, the statement also refers to the phased resumption of economic activity and expectations of a recovery. - FY2021-Q1RestatedAnnual report
「During the three-month period, concerns arose over the impact on the global economy from the spread of COVID-19, and the outlook for the Japanese economy remained uncertain.」
The statement continues to identify the impact of the spread of COVID-19 on the global economy and uncertainty over the outlook for the domestic economy. - FY2020-Q3WorsenedAnnual report
「During the nine-month period, Japan’s economy deteriorated sharply and rapidly as the global spread of COVID-19 constrained economic activity, including corporate operations and the movement of people. Against this backdrop, and with no signs of containment yet visible, the outlook remained uncertain.」
The global spread of COVID-19 is explicitly associated with a sharp and rapid deterioration in economic activity, including restrictions on corporate operations and the movement of people, increasing uncertainty over the outlook. - FY2020-Q2WorsenedAnnual report
「During the six-month period, concerns remained about the impact on overseas economies arising from the US-China trade dispute and Brexit, despite continued improvement in employment and income conditions. In addition, as COVID-19 spread worldwide and there were still no signs of containment, the outlook remained uncertain.」
In addition to the previous concerns over the US-China trade dispute and Brexit, the global spread of COVID-19 and the absence of signs of containment have emerged as specific concerns, increasing uncertainty over the outlook. - FY2020-Q1WorsenedAnnual report
「During the three-month period, Japan’s economy continued to face an uncertain outlook. Employment and income conditions continued to improve, but concerns remained about the impact on overseas economies arising from the US-China trade dispute and the Brexit issue.」
While acknowledging the improvement in employment and income conditions, the statement identifies the US-China trade dispute and Brexit as specific concerns and indicates uncertainty surrounding overseas economies. - FY2019-Q3WorsenedAnnual report
「During the nine-month period, the moderate recovery trend continued against a backdrop of ongoing improvement in employment and income conditions and the effects of various policies. However, the outlook remained uncertain, with weakness observed in some exports and areas of production.」
In addition to the continued recovery trend, weakness in some exports and areas of production and uncertainty over the outlook are explicitly noted, indicating increased concerns compared with the previous quarter’s focus on stable growth. - FY2019-Q2SoftenedAnnual report
「During the six-month period, the business environment in Japan remained broadly stable, with continued growth in both domestic and external demand. Against the backdrop of economic and financial policies implemented by the government and the Bank of Japan, corporate earnings and employment conditions improved, and the economy remained on a moderate recovery trend.」
The business environment is described in terms of stable growth in domestic and external demand and a moderate economic recovery, without placing previous uncertainty surrounding overseas economies at the forefront. - FY2019-Q1RestatedAnnual report
「However, the outlook for the economy remains uncertain due to labor shortages and the resulting increase in labor costs, developments in trade issues, uncertainty in overseas economies, and volatility in financial and capital markets.」
Labor shortages, labor costs, trade issues, overseas economies, and uncertainty in financial and capital markets continue to be identified as concerns in the business environment. - FY2018WorsenedAnnual report
「The outlook for the economy remained uncertain due to labor shortages and the resulting increase in labor costs, developments in trade issues and uncertainty in overseas economies, and the impact of volatility in financial and capital markets.」
Compared with the previous quarter’s reference to a recovery in overseas economies, the outlook is again explicitly described as uncertain, including trade issues and uncertainty in overseas economies. - FY2018-Q2SoftenedAnnual report
「Overseas, the U.S. economy continued to perform well, while economic conditions in Asian countries also showed signs of recovery, resulting in a gradual overall recovery in market conditions.」
The uncertainty in overseas economies described previously was not prominent in the current explanation of the operating environment, which instead described economic recovery in the U.S. and Asia and improving market conditions. - FY2018-Q1First statedAnnual report
「Overseas economies continued to face uncertainty about the outlook, including persistent uncertainty surrounding the monetary and trade policies of the new U.S. administration.」
Uncertainty in overseas economic conditions, including the monetary and trade policies of the new U.S. administration, is identified as an external risk.