Shift toward protectionist trade policies overseas
First written in FY2019-Q1. 4 of 9 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- FY2026-H1MaterialisedAnnual report
「During the interim accounting period, the pace of recovery in the Japanese economy slowed under the impact of US tariff policy and rising prices.」
Regarding the longstanding concern over protectionist trade policies, the filing describes the actual impact of US tariff policy, namely that the pace of recovery in the domestic economy slowed. - FY2020WorsenedAnnual report
「During the fiscal year, the Japanese economy lacked strength, particularly in export-related sectors, as the global economy lost momentum due to US-China trade friction and other factors.」
The full-year results describe the lack of momentum in the global economy due to US-China trade friction and other factors, as well as weakness in the domestic economy, particularly in export-related sectors. - FY2020-Q3WorsenedAnnual report
「During the nine-month period ended with the third quarter, the Japanese economy lacked strength as the global economy lost momentum, with stagnation evident in export-related sectors, particularly manufacturing. Domestic demand remained firm and the economy continued on a moderate recovery trend, but the coincident index of business conditions was deteriorating, leaving the situation uncertain.」
In addition to the existing concerns over uncertainty in the global economy and US-China trade friction, the filing describes the lack of momentum in the global economy, stagnation in export-related sectors and the deteriorating trend in the coincident index of business conditions as actual developments. - FY2020-Q2Added the slowdown in the global economy and foreign exchange trends.Annual report
「Looking ahead, the outlook for the economy remains uncertain due to the impact on the Japanese economy, particularly in export-related sectors, of uncertainty in the global economy, US-China trade friction and foreign exchange trends, as well as factors including the consumption tax increase scheduled for October this year.」
The economic impact of US-China trade friction continues to be described, while uncertainty in the global economy and foreign exchange trends are also cited as factors making the economic outlook uncertain this time. - FY2020-Q1RestatedAnnual report
「Looking ahead, the outlook for the economy is uncertain due to the impact of US-China trade friction on the Japanese economy, particularly in export-related sectors, and the consumption tax rate increase scheduled for October this year, among other factors.」
The impact of US-China trade friction on the Japanese economy, particularly in export-related sectors, continues to be described as a risk, alongside uncertainty over the outlook resulting from the consumption tax rate increase. - FY2019WorsenedAnnual report
「Looking ahead, overseas economies are expected to slow due to the impact of the US-China trade war and other factors, and concern remains over the impact on the Japanese economy, particularly in export-related sectors.」
The previous concern over intensifying trade friction has been specified as an expected slowdown in overseas economies due to the US-China trade war and concern over its impact on the domestic economy, particularly in export-related sectors. - FY2019-Q3RestatedAnnual report
「In addition, intensifying trade friction in some overseas countries continues to pose a risk factor for the Japanese economy.」
The intensification of trade friction in some overseas countries continues to be described as a risk factor for the Japanese economy. - FY2019-Q2WorsenedAnnual report
「Meanwhile, concern remains over the impact on the Japanese economy of intensifying trade friction caused by protectionist trade policies in some overseas countries.」
The risk from protectionist trade policies described in the previous quarter is now specified as concern over intensifying trade friction and its impact on the Japanese economy. - FY2019-Q1First statedAnnual report
「Meanwhile, concern remains over the risk of some overseas countries leaning toward protectionist trade policies.」
For the first time, the risk of some overseas countries leaning toward protectionist trade policies is specifically described.