Nearly 70% of Japanese firms expect the fallout from the crisis in Ukraine to hurt their earnings, a Reuters poll showed, with a majority of those citing a surge in oil prices as their primary concern.
The latest Reuters Corporate survey highlighted the likelihood of more pain ahead for companies in resource-poor Japan, where a weakening yen is further adding to the cost of commodities and heaping more pressure on households.
A total of 69% of companies surveyed said they expected the crisis to hit earnings, with 9% of firms saying they expected a large impact.
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