Pursuits
Japan Inc. Profits Head for Biggest Abe-Era Drop on Yen Gain
- Earnings this quarter to fall most since 2012, Daiwa predicts
- Carmakers among companies hardest hit by appreciating currency
Strong Yen Hurts Japan Inc. Profits
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For the past three years, Prime Minister Shinzo Abe could usually count on surging corporate earnings to back up the case that his policies were turning around Japan. No more.