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Japanese earnings on course for recovery

Japan's short but intense first-half results season will this week confirm that a broad recovery in corporate profits remains intact.

But analysts are anxious for guidance on whether the strong yen will hurt exporters in the run-up to Christmas.

“Guidance for the second half will be important in determining whether the market can resume a sustainable uptrend,” Kathy Matsui and Hiromi Suzuki, Goldman Sachs strategists, wrote to clients.

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