JAPAN GOVT. POSTED OCT-DEC CORPORATE PROFITS TO BOUNCE BACK

Highlights –

• Japan govt. posted Oct-Dec corporate profits to bounce back.
• Pretax profits of domestic companies were down just 0.7 percent from a year earlier.
• The pace of decline slowed down significantly compared to a 28.4 percent tumble in the July-September quarter.
• Corporate sales in Japan dipped 4.5 percent, down for the sixth successive quarter.

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