MW: Half of Japan firms suffering forex losses: report
By John Letzing
JP:7974 NTDOY
SAN FRANCISCO (MarketWatch) -- Roughly half of Japan's public non-financial companies have booked foreign-exchange losses for the recent earnings period, according to a report Wednesday. The Nikkei business daily reported that 536 of the 1,192 publicly-listed companies that reported results for April-September period saw forex losses, 41% more than in the same period a year earlier. Nintendo Co. Ltd. (JP:7974 20,600, -190.00, -0.91%) (NTDOY 31.51, -0.52, -1.62%) , for example, reported a 62.1 billion yen ($759.9 million) loss related to foreign-exchange rates, according to the report.
