TOKYO -- Japan's publicly traded businesses suffered a 2% decline in net profit for the fiscal year ended March as China's slowdown squeezed demand for smartphones and semiconductors, while the Sino-American trade war continues to loom over future earnings.
Business trends
Corporate Japan logs first profit dip in 3 years as China slows
Manufacturers' earnings nosedived in second half
Japanese companies with a global reach, such as electronics makers, are particularly susceptible to economic trends in China. (Photo by Masayuki Terazawa)
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