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Japan's Trading Houses feast on Commodities Rise

Aug 04, 2021

Japan's trading houses are riding a boom in commodities markets that has been fuelled by the recovery in major economies from the coronavirus pandemic, with Itochu reporting record quarterly profit and three others raising their earnings forecasts.The results this week highlight how commodity price swings dictate the bottom line for Japan's storied trading houses as they bounced back from the hit to earnings last year when the coronavirus pandemic began…

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