TOKYO -- Analysts have cut back on upgrades to their fiscal 2015 earnings forecasts for Japan's biggest corporations, particularly for companies exposed to the vagaries of the global economy.
The revision index for the Russell/Nomura Large Cap Index, a basket of leading stocks, registered 16.1% last weekend, down more than half from this year's peak of 34.6% reached just two months ago. The readings represent the relative proportion of analysts' upgrades to downgrades.
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