Japan Inc. Cashes in on Abenomics as Toyota Profit to Rise
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Japanese Prime Minister Shinzo Abe’s economic recovery plan is filling the coffers of manufacturers from Toyota Motor Corp. to Sony Corp.
As the exporters prepare to announce first-quarter earnings this week, 14 of Japan’s 27 largest are projected to beat their own full-year operating profit forecasts by 5 percent or more, according to data compiled by Bloomberg. Net income may surge 75 percent from a year earlier among companies that sell abroad and 33 percent at domestic-oriented firms, UBS AG said this month.