The Reuters urvey finds that Japanese companies are facing earnings headwinds:
36% of Japanese firms expect to miss H1 earnings targetsRising costs and sluggish sales weighing on performanceTransportation equipment sector struggling, 50% to miss forecastsShipping industry bucking trend, benefiting from Middle East conflicts70% see USD/JPY trading 140-150 by fiscal year-end45% favor monetary policy moves to address FX volatilityNo major shift in US investment stance despite Nippon Steel/US Steel concerns
This article was written by Eamonn Sheridan at www.forexlive.com.
