Half of Japanese makers operating overseas expect revenue falls english.kyodonews.net

KYODO NEWS - 1 hour ago - 14:03 | All, JapanNearly half of Japanese manufacturers operating overseas expect to see their revenue fall in fiscal 2019, affected by U.S.-China trade disputes and China's economic slowdown, according to a recent survey by the Japan Bank for International Cooperation.
The ratio of such firms rose to 45.2 percent from 33.9 percent in the previous survey conducted in fiscal 2018, showing that more Japanese firms are concerned about the ongoing trade disputes between the world's two largest economies.
(File photo taken April 6, 2019, shows factories in the Keihin industrial area in Kawasaki, Kanagawa Prefecture, near Tokyo.)
The percentage of firms that expect a decrease in direct investments abroad also increased to 13.3 percent from 5.2 percent from fiscal 2018.
A JBIC official attributed the prospects of profit falls to "a drop in capital investment in China as well as additional costs necessary to deal with the trade disputes."