Japan's Top Trading Houses Post First Net Losses as Prices Slump

  • 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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