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Commodity rout cuts 970b yen from Japan's trading houses

Mitsubishi, Mitsui expect first net loss since they were founded in their current form more than 60 years ago

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Japan's biggest trading companies, stalwarts of the nation's economy, expect to book combined writedowns of at least 970 billion yen (S$11.8 billion) as ill-timed investments in commodities ranging from shale gas to copper mines erode profitability.

Tokyo

Japan's biggest trading companies, stalwarts of the nation's economy, expect to book combined writedowns of at least 970 billion yen (S$11.8 billion) as ill-timed investments in commodities ranging from shale gas to copper mines erode profitability. The writedowns for the year

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