TAIWAN-JAPAN & GLOBAL
JETRO: Ukrainian Firms Upbeat on Earnings Even as Inflation AcceleratesA · FULL TRANSLATION
# Ukraine# JETRO# reconstruction# inflation
Key Points
- JETRO reports optimistic Ukrainian business sentiment
- Iran tensions accelerate inflation and hryvnia weakness
- Reconstruction opportunity coexists with macro deterioration
Analysis
JETRO's Ukraine report captures a contradictory market: firms are optimistic on earnings while Iran-driven inflation and hryvnia depreciation accelerate. Reconstruction demand is real; the macro backdrop is deteriorating. Timing, not participation, is the hard call.