Top News for the Week of 2/3/2014 – Good News from Japan; Samsung Brings BusinessCore to U.S.; More

LookoutFinancial News

The theme this week in the digital-imaging industry was encouraging financial results from Japanese vendors, including Ricoh, Konica Minolta, Sharp, OKI, and Epson, as they reported results for their third quarter.

All of the companies cite the weaker yen as aiding them in their net sales results. The weaker yen makes Japanese products are more affordable for overseas buyers, and imports more expensive for domestic Japanese buyers (something that has not gone over well with the U.S. auto industry as you might suspect). The weaker yen is actually part of “Abenomics.” Abenomics is the name given to economic measures introduced by Japanese Prime Minister Shinzo Abe (below) after his December 2012 re-election. The goal of these economic policies was designed to invigorate Japan’s sluggish economies with three policies: massive fiscal stimulus, more aggressive monetary easing from the Bank of Japan, and structural reforms to boost Japan’s competitiveness.

 Acquisition News

The Japanese company Funai Electric Co. Ltd. that purchased Lexmark’s inkjet business plans to open a facility in Lexington, Kentucky.

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Photo credit: caese / Foter / CC BY-NC-ND

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