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Business trends

Japan earnings outlook worsens as slump sucks in services

Coronavirus outbreak adds to pain of slowing Chinese growth

TOKYO -- Listed companies in Japan face a bigger drop in annual earnings than they expected just three months ago, with the China coronavirus outbreak adding a new risk to growth.

As of Monday, the combined net profits of about 1,720 companies were forecast to fall 8.4% in the year to March, a decline 1.6 percentage points bigger the one seen in November, Nikkei research finds. And the negative outlook has spread beyond manufacturing to the service sector.

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