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Japan's trading firms give bleak outlook for commodity prices

Monday, November 9, 2015 - 05:50
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Itochu's robust results came on strong profits from non-resource assets such as tyre, pulp and satellite TV which offset slack earnings from energy and metals.

Tokyo

JAPAN'S five biggest trading houses have given up hopes for a quick rebound in commodity prices, with top-ranked Mitsubishi revising its outlook for a recovery to 2018 from 2017.

Like international oil majors and mining companies, Japan's trading firms have been caught flat-