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Japan-Update

Japan Inc. profit growth projected to slow in fiscal 2018

Stronger yen viewed as putting brakes on exporter earnings

Japan's major companies should continue earning higher profits in fiscal 2018, but brokerages expect this growth to slip below 10%. (Photo by Akira Kodaka)

TOKYO -- Total pretax profits earned by Japanese companies will likely continue to grow to a record level in the coming fiscal year but at a slower pace as a stronger yen squeezes exporter earnings.

The four large Japanese brokerages project aggregate profit growth in a range between 8.6% and 9.6% for the country's major businesses during fiscal 2018, which begins in April. In fiscal 2017 the growth figure is seen coming in at double digits.

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