Escalation of US-China Trade Tensions
First written in FY2019-Q2. 4 of 7 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2026-H1.
The whole theme swung hardest in 2019: 13 of 36 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026-H1Resurfacing of trade-environment risks due to tariffsAnnual report
「Paper demand also declined as consumer sentiment weakened due to the impact of the Trump tariffs」
Although the wording differs from the US-China trade tensions that disappeared from earlier disclosures, the impact of tariff policy on trade and demand conditions has been listed again as a factor behind lower paper demand. - FY2021DroppedAnnual reportThe escalation of US-China trade tensions, which had been described previously, is not listed as a standalone item under “Business and Other Risks” in this annual securities report.
- FY2020-Q2MaterialisedAnnual report
「Paperboard volumes also declined due to the impact of US-China trade friction and a contraction in inbound tourism demand.」
US-China trade tensions have affected domestic operations through lower paperboard volumes. The report also states that capital investment, exports and production deteriorated in the United States against the backdrop of trade tensions. - FY2020-Q1MaterialisedAnnual report
「During the cumulative first quarter under review, Japan's economy was affected by US-China trade tensions through their impact on exports, but domestic demand remained firm due to increases in private consumption and capital investment.」
US-China trade tensions continue to affect the domestic economy through their impact on exports. - FY2019MaterialisedAnnual report
「Meanwhile, sales of containerboard in China grew substantially, partly because trade tensions with the United States led to restrictions on recovered-paper imports, but overall sales were essentially flat.」
US-China trade tensions have had a specific impact on overseas business sales through China's restrictions on recovered-paper imports. - FY2019-Q3MaterialisedAnnual report
「In China, exports to the United States remain weak due to the impact of US-China tensions, and the decline in real GDP growth has continued.」
US-China trade tensions have produced specific economic effects in the form of weak Chinese exports to the United States and lower real GDP growth. - FY2019-Q2First statedAnnual report
「However, trade tensions with China have escalated further, becoming a significant risk factor for Japan and Europe as well.」
The expansion of trade tensions with China is explicitly identified for the first time as a significant risk factor for Japan and Europe.