Canon Shifting Manufacturing Back to Japan as Yen Continues to Slide

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From 4-Traders.com: Canon Inc is shifting capacity back to Japan in an apparent vindication of Prime Minister Shinzo Abe’s yen-weakening policies, which have made it more profitable for some Japanese manufacturers to produce and export from home.

In the wake of the 2008 financial crisis, the world’s largest camera maker was caught out by its reliance on domestic production by a soaring yen – which devalued its overseas earnings and increased labor costs – forcing the company to produce more overseas. Read more here.

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