Japan Inc. casualty of US-China trade war in April-June quarter

Corporations see profit decreases for third straight period as bottom lines drop 14%

20190808N Tokyo high rise buildings REUTERS

Corporate Japan is on track to record a decline in earnings for the second straight fiscal year. © Reuters

DAISUKE MARUYAMA, Nikkei staff writer

TOKYO -- The aggregate net profit among Japanese corporations decreased for the third quarter in a row, Nikkei has found, indicating the lasting and far-reaching effects of the U.S.-China trade war on the business community.

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