	japanese corporate ings recovery predicted japanese corporate ings will rise pct in fiscal for the first year on year increase in three years partly because of the yen s stable exchange rate the nomura research institute said sales of all industries are predicted to rise pct in the year which starts april the research arm of nomura securities co said in a statement recurrent profits were estimated to fall pct in the current fiscal year with sales forecast to drop pct the forecast assumes an average rate of yen to the dollar in compared with yen in the current year corporate efforts to cope with the yen s appreciation such as cutting production costs are expected to bear fruit next fiscal year the institute said the economy should also benefit from pump priming expected from the government and a halt in rising prices of manufactured goods it said recurrent profits of manufacturing industries are projected to rise pct next fiscal year against an estimated pct fall in the current year non manufacturing sector profits will decline pct in against an estimated pct rise in the current year it said reuter 
