Soon the market could be seeing a better bid scenario of the historical reserve currencies by hedge funds (USD, JPY and CHF).
We saw before that in FY2010 the business produced consolidated gross profits of JPY 1, 347.5 billion (USD 16.8 billion), only slightly below the JPY 1, 507.9 billion produced by the corporate business (including investment banking).
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An operating profit of JPY 350 billion (USD 3.7 billion) has been set for FY 2015.
Its restructuring budget over the next two fiscal years is JPY 250 billion (USD 2.7 billion).
In FY 2007- 2009, Hitachi recorded losses totaling JPY 952 billion (USD 12.2 billion).
For example, Mitsubishi Corporation paid JPY 230 billion (USD 3 billion) for rights to gas in Canada.
The company is targeting a JPY 50 billion (USD 532 million) profit for the current fiscal year.
For Toyota, by 2008 big cars were contributing JPY 2 trillion (USD 25 billion) of operating profits.
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Its current forecast is to lose a further JPY 250 billion (USD 3.2 billion) by end March 2013.
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For the fiscal year just ended March 31, estimates are that the Panasonic lost some JPY 765 billion (USD 8.1 billion).
In the past two years the fund has been topped up seven times and today totals JPY 91 trillion (USD 1.1 trillion).
According to a report in the September 13 Nihon Keizai Shimbun, the deal will cost Itochu some USD 1.7 billion (JPY 132 billion).
The combined company will have recorded sales of JPY 12 trillion (USD 150 billion) making it the second largest industrial company in Japan after Toyota.
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In the next two years the company plans consolidations, closings, resource transfers, and economies that will add JPY 111 billion (USD 1.4 billion) to operating profits.
The previous CEO Ohtsubo Fumio (67) who led the company to two consecutive years losses topping JPY 750 billion (USD 8.8 billion) annually was kicked upstairs to chairman.
For the month, the trade fell into deficit of JPY 559 billion (USD 7 billion), the third consecutive month of deficit and the largest amount ever for the month.
Under HSTP the aim is to achieve structural efficiencies in three areas production, direct materials costs, and indirect costs, where current total costs are JPY 9 trillion (USD 113 billion).
In the 12 months to end March 2012 the company lost JPY 376 billion (USD 4.8 billion), largely attributable to its over-investment in money-losing liquid crystal television production and sales.
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In the two weeks after November 11, when dissolution of the Diet and new general elections became the new Japan story, foreign net buying totaled JPY 400 billion (USD 4.9 billion).
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During the past fiscal year, as the company fell into loss, the metric hit 75 days, a disastrous situation, partly as a consequence of which interest bearing debt increased to more than JPY 1 trillion (USD 12.5 billion).
Mizuho and Mitsubushi Tokyo UFJ banks announced on August 31 that they would each provide JPY 75 billion (USD 960 million) in new financing in September, filling the gap left from the lock out of the commercial paper market.
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Fortunately this includes (in addition to USD) the EUR, GBP, JPY, CHF, CAD, AUD, NZD and even the Norwegian, Swedish and Danish currencies.
In value terms the deals totaled JPY 3.5 trillion (USD 44.7 billion), up 9%, the second highest amount on record.
The trade deficit for the first FY half was JPY 3.2 trillion (USD 41 billion), the largest deficit ever for a half year.
Crunching the numbers for new revenues from the doubled consumption tax still shows a gapping JPY 16.6 trillion (USD 207 billion) budget deficit after 2015.
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The upstart or young pretender KRW (South Korean won) is currently weak against the USD on event risk, but the market anticipates the currency to trade back to pre-crisis strength against the JPY.
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