As for the outlook, while Japan’s economy is expected to return to a moderate recovery path as domestic demand remains firm and overseas economies emerge from their deceleration phase, there is an increasing risk that a recovery in overseas economies will be delayed, which warrants attention.
I will first review the recent developments in overseas economies, followed by the current situation of and the outlook for Japan’s economy. B. Overseas economies  Economic sentiment, mainly in the corporate sector, has become cautious globally, and there is an increasing risk that the slowdown in the global economy will be a protracted one.