UPDATE 1-Japan Inc poised to hit record profits in 2004/05

Newswire

(Adds U.S. profit growth in 2003) By Eriko Amaha TOKYO, March 31 (Reuters) - Japanese companies are expected to post a 13 percent rise in profits to a record in 2004/05, as booming demand for consumer electronics will likely offset a strong yen and high raw material costs that make Japanese goods more expensive abroad. Banks and brokerages are set for another strong year as the stock market shows no sign of slowing; China's booming economy is boosting shipping, construction and ...

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