60% of Japan firms abroad expect to log profits in 2021: poll

Politics Economy

More than 60 percent of overseas affiliates of Japanese companies expect to post operating profits in 2021, rebounding from a record low of 48.0 percent the previous year but still the second-lowest level in the last decade, according to a survey. The reading of 62.6 percent suggests performances by Japanese businesses operating abroad -- which slumped significantly in 2020 due to the impact of the novel coronavirus -- "have shown an upswing globally, but the momentum of the recovery lacked strength," said an online survey by the Japan External Trade Organization. By region, 57.1 percent of Ja...

Kyodo News

Kyodo News Asia