Financial Times FT.com

Energy Security

Oil squeezes profits in Japan

By David Turner in Tokyo

Published: July 17 2005 21:30 | Last updated: July 17 2005 21:30

Japanese companies are finding it increasingly hard to pass on higher oil costs to their customers, according to a new government survey that bodes ill for this year's corporate results.

Six out of 10 large companies have experienced difficulties in passing on the recent increase in prices, the Ministry of Economy, Trade and Industry said.

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