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Listed Japan companies ease COVID blow by slashing expenses $64bn

Fewer trips, ads and on-site events helped cushion profit declines in fiscal 2020

A Nikkei survey of 1,400 companies found that working from home helped them to limit the decline in profits, caused by the pandemic, to 30%. (Photo by Kosuke Imamura) 

TOKYO -- Japan Inc.'s bottom line has been helped by a sharp drop in business expenses in the current business year as a result of staff working from home because of the coronavirus pandemic, a Nikkei analysis shows.

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