Japan's Top Trading Houses Post First Net Losses as Prices SlumpBy
Mitsubishi, Mitsui post combined losses of 232.8 billion yen
Trading houses looking to shift away from commodities
Japan’s two biggest trading companies, long-time stalwarts of the nation’s economy, posted annual losses for the first time ever, racking up a combined deficit of 232.8 billion yen ($2.14 billion) amid a rout in raw materials prices that’s intensifying their need to shift to more promising markets such as health care and food.
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