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Business trends

Japan Inc. casualty of US-China trade war in April-June quarter

Corporations see profit decreases for third straight period as bottom lines drop 14%

Corporate Japan is on track to record a decline in earnings for the second straight fiscal year.   © Reuters

TOKYO -- The aggregate net profit among Japanese corporations decreased for the third quarter in a row, Nikkei has found, indicating the lasting and far-reaching effects of the U.S.-China trade war on the business community.

The bottom line dropped 14% on the year for the April-June quarter among 1,243 listed companies that reported results by Thursday. Earnings at 56% of the businesses went south, the highest level in the post-economic crisis era.

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