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Japanese earnings forecasts show gap between companies, market views

TOKYO -- The earnings season has ended for Japanese companies that closed their books in March, but the predictions of the market and of businesses for the current fiscal year through March 2015 failed to line up.

     While the stock market expects corporate earnings to rise roughly 10% in fiscal 2014, the Bank of Japan's Tankan survey shows that large companies see pretax profits falling 2% from the previous year.

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