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Japan's profits dip as tailwinds die

A slowdown in spending by foreign visitors spells bad news for Japan's retailers.

TOKYO -- A stronger yen and slowing growth in key emerging economies are dimming profit prospects for Japanese companies.

Pretax profits sagged in the 12 months through March for the first time in four years, a sharp reverse from the previous year, when Japan Inc.'s pretax profits hit a record high for the first time in seven years.

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