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Business trends

Japan corporate earnings teeter on China trade fears

Profits seen dropping 15% in second half, leaving flat annual growth

Fears of an economic slowdown across the water in China have Japanese businesses pessimistic about October-March earnings.
Containers await their next move at a port in Tokyo. The threat of an economic slowdown in China has export-dependent Japanese companies pessimistic about the earnings outlook.   © Reuters

TOKYO -- Earnings at Japan's listed companies look set to drop 15% on the year for the fiscal second half ending in March, leaving full-year growth flat, as the U.S.-China trade war raises fears of a Chinese economic slowdown.

Aggregate net profit at 1,346 large companies tracked by Nikkei is forecast to fall to about 12.9 trillion yen ($113 billion) in the October-March half, based on guidance issued as of Nov. 9.

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