business

Japan's corporate profits log biggest fall since 2009

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the official said the ministry will collect data from companies that were unable to reply in time and release the revised figures in late July.

so it's not a story about the figures?

0 ( +0 / -0 )

It will be much worse if Bank of Japan and Abe fail to deliver the promise of an Olympics and a recovering economy. The odds are stacked against the LDP cronies, this time. They can't simply print their money out of the problem anymore.

Upon receiving government's aids, Japanese corporations will either offshore their businesses elsewhere or sell themselves for foreign investors. Japanese people will be negatively affected by the full might of the pandemic, economic depression.

4 ( +4 / -0 )

"Japanese corporations will either offshore their businesses elsewhere or sell themselves for foreign investors. Japanese people will be negatively affected by the full might of the pandemic, economic depression."

Thanks a lot for your "dogmatic" and pugnacious, iron-clad statement regarding Japan's fate.

In view of the fact that the Japanese (and Japan) is/are the only country to be negatively affected by this international pandemic and consequent economic depression, something positive may come out of it:

Japan, (as the only economy affected), will become so deteriorated that the likes of you will have no other option but to leave the country permanently.

If I was Japanese I would welcome total financial ruin, as a trade-off.

-6 ( +0 / -6 )

Xeno ManJune 2  01:41 pm JST . . . Japanese corporations will either offshore their businesses elsewhere or sell themselves for foreign investors

There isn't that much left to "offshore." The two things Japan was still strong in until even before the Bubble years, electronics and autos, set up shop years ago in lower wage nations or shifted production to avoid tariffs on components.

The decline in Japan's population is a, relatively speaking, short term issue as the nation is overpopulated.

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J-gov will react quickly to the slight downturn in the profits of its corporate masters with lavish bailout funds while the populace cannot pay rent and mortgages and eat subsistence level food.

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