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Business

Resource price crash devastates Japan's trading houses

Mitsui's investments in copper, such as at this mine in Chile, have resulted in major impairment losses due to a collapse in resource prices.

TOKYO -- Crashing natural resource prices have ravaged the bottom lines of Japan's trading giants, causing two long-established houses to sink into the red for the first time in the postwar era.

Something unheard of happened at Mitsubishi Corp. and Mitsui & Co. recently: They reported a group net loss for the year through March 2016. 

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