business

Japan corporate profits tumble in 2nd quarter on U.S.-China trade war

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"... pretax profits remained at the second-highest level on record" 

That means there's still plenty of money to give hefty pay raises to their workers.

9 ( +10 / -1 )

12% drop is not a plunge!

5 ( +6 / -1 )

12% drop is not a plunge!

Indeed but I bet Keidanren doesn't see it this way, you know their CEO's might not be able to buy their second yaughts this year...

8 ( +8 / -0 )

These numbers don't reflect the Korea shock. Look for dismal figures next quarter.

-1 ( +1 / -2 )

12% drop is not a plunge!

It's a pretty big drop - imagine if you were on ¥10m/year, that would be ¥1.2m of your salary dropped. I'd call that a plunge, though of course it depends on the perspective of the speaker.

0 ( +1 / -1 )

Word choices made to scare up dread and provide a clear misunderstanding of the facts. To wit:

Corporate profits in Japan plunged 12.0 percent in the April-June quarter ....

The fall followed 10.3 percent growth in the January-March period...

If a 12% drop is a "plunge" then why is 10.3% just "growth?" Should it not be a "hike" or "spike" or "jump" or something more spectacular?

So, the net result from January - June is a "minuscule" 1.7% "downward adjustment." Big Deal.

0 ( +2 / -2 )

Word choices made to scare up dread and provide a clear misunderstanding of the facts.

Yes, we as humans have a tendency to place a higher import on a loss, than on a win of the equivalent value. It's a different facet of loss aversion:

Loss aversion refers to people’s tendency to prefer avoiding losses to acquiring gains of equal magnitude. In other words, the value people place on avoiding a certain loss is higher than the value of acquiring a gain of equal size. Consider, for instance, the subjective value of avoiding a loss of $10 compared with gaining $10. Usually, people say that the former has a higher value to them than the latter. Such a preference seems striking, given that, objectively, $10 is $10, regardless whether it is lost or gained. Nevertheless, the aversion toward incurring losses is a strong and reliable effect, and the value of avoiding a loss is usually twice as high as the value of acquiring an equivalent gain.

https://psychology.iresearchnet.com/social-psychology/decision-making/loss-aversion/

1 ( +2 / -1 )

218 freaking BILLION Dollars, so they "lost" what about 25 Billion!

Pre tax profit, it's still profit and they arent in the red, but the way the article is written it's like they are discussion doomsday!

Oh now we can't give raises because we stopped making record profits!

What BS!

5 ( +5 / -0 )

Strangerland

10 mil is a good example, but if you think about it 10% is a lot more to those making a low to average salary.

If your only making 250-300 thousand yen a month, 10,000 is a lot.

3 ( +3 / -0 )

You want to see a "plunge" in profits check out Nissan! I think a plunge is like Niagara Falls.

0 ( +1 / -1 )

218 freaking BILLION Dollars, so they "lost" what about 25 Billion! 

Pre tax profit, it's still profit and they arent in the red, but the way the article is written it's like they are discussion doomsday! 

Oh now we can't give raises because we stopped making record profits! 

What BS!

You said it Yubaru! And to the other people expressing this sentiment, I couldn’t agree with you guys more!

I’m getting really sick and tired of all this pity party treatment, every time there’s any kind of drop in corporate profits. Hey, I got a newsflash for those people: people are literally working themselves to death, all over the world I might add, just to give you all these record profits. And yet you guys want to whine every single time there’s any little drop in your precious little profits? Screw you!

It’s like no wonder there’s a trade war going on between US and China now, because workers in both of those countries especially, have literally been working to death. And yes Japan too, I know all too well about karoshi. And actually, they and South Korea are engaging in a little bit of a trade war themselves. Proves my point even further.

3 ( +4 / -1 )

10 mil is a good example, but if you think about it 10% is a lot more to those making a low to average salary.

In relative terms, it's exactly the same regardless of your salary. In absolute terms, it's more for the person with a higher salary.

0 ( +0 / -0 )

Yeah, but for example these days ¥10,000 means way less to me than say, in my 20s.

0 ( +0 / -0 )

I’d assume that’s if you had the same income now as you did in your 20s, it would still hurt just as much. The reason it doesn’t now that you’re older is because it’s a smaller percentage of your income now than it was then.

0 ( +0 / -0 )

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