Japan economy rebounds from Covid-19 jolt but global slowdown clouds outlook

TOKYO (REUTERS) – Japan’s economy expanded for the third straight quarter on solid private consumption, data for April-June showed on Monday (Aug 15), a sign the country was finally staging a much-delayed recovery from a Covid-induced downturn. But the outlook remains uncertain due to a resurgence in Covid-19 infections, slowing global growth, supply constraints and […]

Mitsubishi Heavy Industries Achieves 22% YoY Increase in Order Intake and 52% YoY Increase in Net Profit in a Challenging First Quarter

TOKYO, Aug 5, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 22.3% year-over-year to YEN917.8 billion in the quarter ended June 30, 2022. Revenue rose 2.3% to YEN871.3 billion year-over-year, resulting in business profit(1) of YEN14.9 billion, a 30.4% decrease from the previous fiscal year, […]