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

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…

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