Japan companies kept $68bn of overseas profits abroad

Government seeks to encourage repatriation to spur demand for yen

20240510N yen

Less profit earned by Japanese companies abroad are flowing back to Japan. © Reuters

HANA SLEVIN OHAMA, Nikkei staff writer

TOKYO -- Japanese corporations reinvested 10.57 trillion yen ($67.8 billion) of overseas profits abroad last fiscal year, more than triple the amount a decade earlier, new government data shows.

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