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Companies that made tough decisions about exiting businesses, closing factories and revamping management led to a doubling of corporate earnings last quarter, now at the highest level since 2007.

Net income jumped to about ¥5.5 trillion at more than 1,280 of the largest listed nonfinancial firms, the most since the Great Recession six years ago, based on data compiled by Bloomberg. The figure was up from ¥2.25 trillion a year ago, the fastest jump since 2010.

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