REUTERS/Satoshi Sugiyama/File Photo Acquire Licensing RightsTOKYO, Sept 14 (Reuters) - Some 44% of Japanese companies see extreme weather events around the globe hitting earnings, a Reuters survey showed, highlighting the impact of scorching heat waves and torrential rains on firms in the world's third-largest economy.
Disaster-prone Japan is no stranger to extreme weather events, including typhoons, floods and blistering heat.
"Infrastructure is likely to be disrupted due to extreme weather conditions, which could result in emergency spending and lower productivity," wrote a manager at a company in the transport sector.
The monthly Reuters Corporate Survey of 502 large and medium-sized non-financial Japanese firms, in which 248 responded, showed a majority of non-manufacturers had already felt or expected to feel the effects of extreme weather on their earnings.
Flooding has been a particular headache for Japanese companies.
Persons:
Satoshi Sugiyama, Japan Inc's, Fumio, David Dolan, Jacqueline Wong
Organizations:
Mitsubishi Motor, Rights, Reuters Corporate Survey, Reuters, Nikkei Research, Investment, Thomson
Locations:
Kurashiki, Japan