It is necessary to pay attention to the possibility that firms' investment stance will become cautious mainly in the manufacturing sector, if uncertainties concerning overseas economies in particular heighten further going forward. This leads to the next point of developments in overseas economies.
Overseas economies are expected to grow moderately on the whole; although slowdowns are likely to continue for the time being, these economies are projected to pick up thereafter on the back of the effects of stimulus measures in China and the progress in global adjustments in IT-related goods, underpinned by accommodative financial conditions.