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Business trends

Corporate Japan braces for second year of falling profits

Weaker China and stronger yen seen taking a toll on exports

Machinery manufacturers such as robot maker Fanuc are facing declining export earnings. (Photo courtesy of Fanuc)

TOKYO -- Japan's companies are expected to earn less in combined net profit for the year ending March 2020, as the weakening Chinese economy and the yen's strength take their toll on machinery makers and other exporters.

Total net profits are forecast to fall 1.4% to 28.45 trillion yen ($259 billion) for a second straight year of decline, according to Nikkei, which gathered data from the 1,564 listed non-financial companies that released earnings outlooks through Friday.

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