ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Trade war squeezes corporate earnings in Japan and China

Double-digit growth has been wiped out as orders shrink

Japanese machine tool builder Okuma's main plant in Aichi Prefecture. The company has suffered a 30% drop in orders due to weak demand in China. (Photo by Yohei Hirose)

TOKYO -- Half of major Japanese companies fell short of the market's profit forecasts for the April-September period as the U.S.-China trade war took its toll, with Chinese businesses also feeling the impact.

"Shipment to China has slowed. Recent orders are down about 30% from a year earlier" Yoshimaro Hanaki, president of Japanese machine tool builder Okuma has said. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more