Abenomics' effect shows in robust profits

Tokyo

IMPROVEMENTS to Japanese corporate profitability under Abenomics have emerged in the financials of companies - leading Japanese engineering and electrical group Hitachi has recorded a more than 50 per cent surge in profits for last year, and electronics giant Sharp has made a return to profits for the first time in three years.

Japan's second-biggest carmaker, Nissan, has also done well with a robust rise in profits for the financial year to March 31, stemming partly from the weaker yen which resulted from the monetary expansion that forms part of Abenomics.