64.5% of Japan firms abroad expect to see profits in 2022: survey

Around 64.5 percent of Japanese companies' overseas affiliates expect to see operating profits in 2022, bringing them almost on par with levels before the coronavirus pandemic, according to a recent survey.While the result was almost at 2019's 65 percent, signs of long-term recovery were less promising, with just 45.4 percent of respondents saying they will expand their business in the next one to two years, down from a pre-COVID-19 48.9 percent, according to the survey by the Japan External Trade Organization.About 60 percent of manufacturing businesses also said they planned to review the…READ FULL ARTICLE