1、2024/05/30 14:50:03/23092453_丸紅株式会社_招集通知Business Environment、Consolidated Business ResultsBusiness ReportCurrent Status of the GroupBusiness progress and results of the Group(from April 1,2023 to March 31,2024)Business EnvironmentThe following is an overview of the economic environment for the fisca
2、l year ended March 31,2024.The global economy showed increasing signs of a slowdown,with the continued monetary tightening led by the U.S.and Europe,and high inflation levels which remained above the targets set by the central banks in many countries.In developed countries,while economic activity wa
3、s strong in the U.S.,the economy further slowed in Europe.In Japan,domestic demand and demand from foreign visitors recovered against the backdrop of easing measures against COVID-19,and capital investment was also strong.In emerging countries,the Chinese economy lacked robustness with the stagnated
4、 real estate market and others despite progress in economic recovery,and economies slowed down mainly in Asian countries.Primary commodity prices were generally lower than those in the previous fiscal year with less demand caused by the slowdown of the global economy exerting downward pressure.While
5、 crude oil prices dropped since the previous fiscal year,they rose after the start of this year due to lower production by oil-producing countries and the tense Middle East situation.Prices for copper and iron ore,of which China is the worlds largest importer,were at almost the same level as the pre
6、vious fiscal year due to concerns about supply,while the decelerated pace of Chinas economic recovery placed downward pressure.Interest rates rose in the U.S.and European bond markets as central banks tightened monetary policy.The yen/dollar rate saw a weaker yen and a stronger dollar.Stock markets