Monday, May 22, 2023

C&EN: "Earnings for Japanese chemical makers slumped in fiscal 2022"

In this week's C&EN, news from Japan's economy (article by Alexander H. Tullo):

Japanese chemical companies ground through a tough fiscal year 2022. For the period, which ended on March 31, sales rose for nearly every major firm, but earnings were down almost across-the-board as companies grappled with sluggish economic conditions and rising energy and raw material costs.

Looks like things are tough all over - curious as to when it hits the US economy in force, and what impact it will have on hiring...

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