Japan's Fanuc, Murata take hit amid China economic slowdown

Earnings erode among China-dependent companies despite weak yen

20231031N Fanuc Muraata

Fanuc and Murata are seeing declining profits on reduced production and consumer activity in China. (Source photos by Nikkei)

MANAMI OGAWA, Nikkei staff writer

TOKYO -- The slowdown in China's economy is cutting into the profits of Japanese companies like Fanuc and Murata Manufacturing, with business models based on the country's high-growth trajectory facing a turning point.

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