Japan corporate profits to rise for 5th year-paper

Newswire

TOKYO, March 21 (Reuters) - Japanese corporate profits will likely rise for a fifth straight year in 2006/07 amid brisk capital spending and a domestic economic recovery, according to a survey by the Nihon Keizai Shimbun published on Tuesday. The newspaper's survey of nearly 1,600 non-financial listed firms whose reporting year ends in March showed that recurring profit was expected to increase 9.2 percent in the year from April, led by gains in the electronics and machinery sectors. ...

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