TOKYO -- Profits are up at more than two-thirds of big Japanese public companies that have released results for the fiscal year ended in March, thanks to a confluence of factors such as a soft yen, successful price hikes and a tourism rebound.
Business trends
70% of Japan blue chips rake in higher profits on price hikes, soft yen
AI boom and tourism help push earnings toward 3rd straight record for fiscal 2023
Nearly 70% of companies on the Tokyo Stock Exchange's Prime market have reported profit growth so far. (Photo by Yuki Kohara)
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