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Coronavirus

From trains to baths, Japan's companies slash earnings outlook

More than 50 downgrade forecasts, with nearly 200 expected to follow

The Keio Inokashira Line in Tokyo: The transport and retail conglomerate is one of the Japanese companies that has already downgraded its earnings forecast due to the coronavirus outbreak.

TOKYO -- The novel coronavirus outbreak has forced as much as 56 Japanese companies to disclose that they will downgrade earnings forecasts or expect a significant slow down of sales, according to credit research specialist Tokyo Shoko Research.

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