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Japan considers dropping quarterly earnings, but faces resistance

Critics say it encourages short-termism, advocates say it provides crucial data

Earnings statements are posted at the Tokyo Stock Exchange's media center. (Photo by Taro Yokosawa)

TOKYO -- The Japanese government will begin discussions on dropping the requirement that listed companies be required to issue quarterly earnings reports because they encourage short-term profit seeking, but defenders of the practice are expected to put up a stiff fight, saying they serve the interests of investors.

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