Issue Date: May 20, 2013
Earnings Fall In Japan
Japan’s economy expanded at an annualized rate of 3.5% in the first three months of 2013, but its chemical industry did not benefit from this growth. For the fiscal year that ended on March 31, most of Japan’s large chemical companies reported earnings lower than in the previous fiscal year or even losses.
Several companies also reported lower year-over-year sales, a drop they attributed to sluggish demand both in Japan and abroad. The drop happened . . .
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