Japanese Companies Expect Rebound in Earnings

Demand from China and cost cuts are expected to bring Japanese companies back to profitability, reports Bloomberg.

 

Bloomberg reveals that Toyota Motor Corp., Panasonic Corp., Toshiba Corp. and Hitachi Ltd. are optimistic that profit will surge this year, fueled by exports to China and India where rising wages and consumer confidence are generating demand for vehicles, electronic appliances, and manufacturing equipment.

 

"The expected rebound in earnings also shows Japan’s biggest companies are reaping benefits after paring costs by closing underused factories and firing workers," notes Bloomberg.

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