Rising interest rates pose unaccustomed risk to Japanese earnings

Acquisition writedowns hurt bottom line at Dentsu, THK

20230216N rates

Japanese long-term interest rates have tested the upper limit of the Bank of Japan's tolerance band. (Photo by Mayumi Tsumita)

Nikkei staff writers

TOKYO -- A global rise in interest rates has started to weigh on Japanese corporate earnings, and the impact appears likely to widen as central banks fight stubborn inflation.

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