Pretax profits among nonfinancial Japanese companies jumped 17.6 percent from a year earlier to a record 28.32 trillion yen ($203 billion) in the April-June quarter, government data showed Thursday, boosted by a weak yen and the waning impact of the COVID-19 pandemic despite surging commodity prices.Capital spending gained 4.6 percent to 10.61 trillion yen, rising for the fifth straight quarter, after companies sought to increase output capacity and add equipment to cope with a recovery in demand, according to the Finance Ministry data.Japan's economy has been recovering, helped by the lift…READ FULL ARTICLE
