Global Economic Uncertainty and Economic Slowdown

「However, uncertainty about the outlook continues due to inflation, U.S. policy developments such as trade policy, the situation in the Middle East, the impact of natural disasters, and other factors.」

「However, risks that could weigh on the economy, including price trends and developments concerning U.S. trade policy, require attention, and uncertainty about the outlook continues.」

「However, risks that could weigh on the economy, including price trends and developments concerning U.S. trade policy, require attention, and uncertainty about the outlook continues.」

「Nevertheless, close attention is required to downside risks to the economy from the impact of US trade policy, and uncertain conditions ahead have continued.」

「Nevertheless, overseas economic weakness, including the impact of continued high interest rates in Europe and the United States and continued stagnation in China's property market, poses a risk of weighing on Japan's economy, and uncertain conditions ahead have continued.」

「During the first quarter of the current consolidated cumulative period, Japan's economy is expected to continue recovering gradually as employment and income conditions improve, supported by the effects of various policies. However, overseas economic weakness, including the impact of global monetary tightening and concerns about the outlook for the Chinese economy, poses a risk of weighing on Japan's economy, and uncertain conditions ahead have continued.」

「During the third quarter of the current consolidated cumulative period, the economy is expected to recover gradually, although some areas have shown signs of stagnation, as employment and income conditions improve, supported by the effects of various policies. However, overseas economic weakness against a backdrop of global monetary tightening poses a risk of weighing on the domestic economy. In addition, uncertain conditions ahead have continued due to the impact of rising prices on households and companies and supply-side constraints.」

「During the second quarter of the current consolidated cumulative period, the economy is expected to recover gradually as employment and income conditions improve, supported by the effects of various policies. However, overseas economic weakness against a backdrop of global monetary tightening and concerns about stagnation in the Chinese economy poses a risk of weighing on the domestic economy. In addition, uncertain conditions ahead have continued due to the impact of rising prices on households and companies and supply-side constraints.」

「During the first quarter of the current consolidated cumulative period, economic activity is expected to recover gradually, supported by the effects of various policies, as the downgrade in the classification of COVID-19 stimulates economic activity and employment and income conditions improve. However, close attention is required to the risk of overseas economic weakness weighing on the domestic economy as global monetary tightening and other factors continue, and uncertain conditions ahead have continued.」

「During the current consolidated fiscal year, the economy showed signs of a gradual recovery, supported by the effects of various policies, including measures to ease restrictions on activity, despite the continuing impact of infections. However, overseas economic weakness, against a backdrop of global monetary tightening and other factors, poses a risk of weighing on the domestic economy. In addition, uncertain conditions ahead have continued due to the impact of rising prices on households and companies and supply-side constraints.」

「During the third quarter of the current consolidated cumulative period, the economy is expected to recover as economic and social activity normalizes in a post-COVID environment, supported by the effects of various policies. However, overseas economic weakness, against a backdrop of global monetary tightening and other factors, poses a risk of weighing on the domestic economy. In addition, uncertain conditions ahead have continued due to the impact of rising prices on households and companies and supply-side constraints.」

「During the second quarter of the current consolidated cumulative period, the economy is expected to recover as economic and social activity normalizes, supported by the effects of various policies while thorough infection-control measures are implemented. However, overseas economic weakness, against a backdrop of global monetary tightening and other factors, poses a risk of weighing on the domestic economy. In addition, uncertain conditions ahead have continued due to the impact of rising prices on households and companies and supply-side constraints.」

「Nevertheless, close attention is required to downside risks from the impact of renewed outbreaks in other countries, the prolonged situation in Ukraine, and volatility in the financial and capital markets, and uncertain conditions ahead have continued.」

「Nevertheless, close attention is required to the risk that infections could cause domestic and overseas economies to underperform, and uncertain conditions ahead have continued due to the impact of volatility in the financial and capital markets.」

「During the third quarter of the current consolidated cumulative period, the economy is expected to move toward recovery as social and economic activity is gradually raised, supported by efforts to promote COVID-19 vaccinations. Nevertheless, close attention is required to the risk that infection trends could cause domestic and overseas economies to underperform, and uncertain conditions ahead have continued due to the impact of volatility in the financial and capital markets.」

「Nevertheless, close attention is required to the risk that infection trends could cause domestic and overseas economies to underperform, and uncertain conditions ahead have continued due to the impact of volatility in the financial and capital markets.」

「During the current consolidated fiscal year, Japan's economy remains in a severe condition due to the impact of COVID-19. However, as social and economic activity is raised while measures are taken to prevent the spread of infection, the economy is expected to recover, supported by the effects of various policies and improvements in overseas economies. Nevertheless, close attention is required to the risk that infections could cause domestic and overseas economies to underperform, and uncertain conditions ahead have continued due to the impact of volatility in the financial and capital markets.」

「During the third quarter of the current consolidated cumulative period, Japan's economy remains in a severe condition due to the impact of COVID-19. However, as social and economic activity is raised while measures are taken to prevent the spread of infection, the economy is expected to continue showing signs of recovery from its severe condition. Nevertheless, close attention is required to the risk that infections could cause domestic and overseas economies to underperform, and uncertain conditions ahead have continued due to the impact of volatility in the financial and capital markets.」

「During the second quarter of the current consolidated cumulative period, Japan's economy remains in a severe condition due to the impact of COVID-19. However, as social and economic activity is gradually raised while measures are taken to prevent the spread of infection, the economy is expected to continue showing signs of recovery from its severe condition. Nevertheless, uncertain conditions ahead have continued due to trends in infections in Japan and overseas and the impact of volatility in the financial and capital markets.」

「During the first quarter of the current consolidated cumulative period, Japan's economy is in an extremely severe condition due to the impact of COVID-19. However, as social and economic activity is gradually raised while measures are taken to prevent the spread of infection, the economy is expected to move toward recovery from its extremely severe condition. Nevertheless, uncertain conditions ahead have continued due to trends in infections in Japan and overseas and the impact of volatility in the financial and capital markets.」

「During the current consolidated fiscal year, Japan's economy is expected to remain on a gradual recovery trajectory as employment and income conditions continue to improve, although weakness remains. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the third quarter of the current consolidated cumulative period, Japan's economy is expected to remain on a gradual recovery trajectory as employment and income conditions continue to improve, although weakness remains. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the second quarter of the current consolidated cumulative period, Japan's economy is expected to remain on a gradual recovery trajectory as employment and income conditions continue to improve, although weakness remains. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the first quarter of the current consolidated cumulative period, Japan's economy is expected to remain on a gradual recovery trajectory as employment and income conditions continue to improve, although weakness remains. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the current consolidated fiscal year, Japan's economy is expected to remain on a gradual recovery trajectory as employment and income conditions continue to improve. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the third quarter of the current consolidated cumulative period, Japan's economy is expected to remain on a gradual recovery trajectory as employment and income conditions continue to improve. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the second quarter of the current consolidated cumulative period, Japan's economy is expected to remain on a gradual recovery trajectory as employment and income conditions continue to improve. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the first quarter of the current consolidated cumulative period, Japan's economy is expected to remain on a gradual recovery trajectory as employment and income conditions continue to improve. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the current consolidated fiscal year, Japan's economy has remained on a gradual recovery trajectory as employment and income conditions continue to improve. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the third quarter of the current consolidated cumulative period, Japan's economy has remained on a gradual recovery trajectory as employment and income conditions continue to improve. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the second quarter of the current consolidated cumulative period, Japan's economy has remained on a gradual recovery trajectory as employment and income conditions continue to improve. However, uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「During the first quarter of the current consolidated cumulative period, Japan's economy has remained on a gradual recovery trajectory, but uncertain conditions ahead have continued due to uncertainty in overseas economies and the impact of volatility in the financial and capital markets.」

「In the operating environment for the next period, some companies are expected to see earnings recover as a result of the weaker yen and higher resource prices. However, economic conditions are expected to remain uncertain, amid concerns about the impact of increasing uncertainty in overseas economies and volatility in the financial and capital markets.」

「During the third quarter of the current consolidated cumulative period, Japan's economy is expected to improve on the back of the government's economic policies and other measures. However, personal consumption is slowing amid stagnant real wages, due to concerns about the future, including distrust of the social security system. In addition, global economic uncertainty is increasing because of the transition to the new US administration, the UK's withdrawal from the EU and China's economic slowdown, and economic conditions are expected to remain uncertain.」

「During the second quarter of the current consolidated cumulative period, Japan's economy is expected to improve on the back of the government's economic policies and other measures. However, personal consumption is slowing amid stagnant real wages, due to concerns about the future, including distrust of the social security system. In addition, global economic uncertainty is increasing because of the UK's withdrawal from the EU and China's economic slowdown, and economic conditions are expected to remain uncertain.」

「During the first quarter of the current consolidated cumulative period, Japan's economy is expected to improve on the back of the government's economic policies and other measures. However, personal consumption is slowing amid stagnant real wages, due to concerns about the future, including distrust of the social security system. Global economic uncertainty is also increasing as the Chinese and advanced economies slow, and economic conditions are expected to remain uncertain.」