Japanese profits to rise at 100 yen to dlr -DIR

Newswire

TOKYO, Jan 19 (Reuters) - Corporate Japan would likely still show profit rises as a whole even if the dollar were to fall to 100 yen, the Daiwa Institute of Research (DIR) said on Monday. DIR, a unit of Japan's second biggest brokerage, Daiwa Securities Group , said it had calculated the dollar/yen rate at which various corporate sectors would show a fall in operating profit for the next business year starting in April. For the auto or transportation equipment sector, that level was ...

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