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Japan Electronics Companies Battle Europe Crisis

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TOKYO (Reuters) - Japanese electronics firms are suffering from the downturn in European consumption and the euro's slump to a 10-year low against the yen, senior executives from Sony Corp, Panasonic Corp and Fujitsu Ltd said on Tuesday.

....Throughout Japan, manufacturers are considering shifting production abroad as the yen's advance shaves profits. The yen hit a record high against the dollar last month and traded at 76.63 on Thursday, up nearly 11 percent from around 85 yen a year ago.

Nearly two-thirds of manufacturers are suffering from the impact of the strong yen as the currency's rise threatens to derail Japan's economic recovery from the March earthquake, a Reuters poll showed last month.

German retail sales fell at their fastest pace in more than four years in August, data showed last week [iD:nL5E7KU0BD], in fresh evidence of what Hirai called an "extremely challenging" environment.

Looks like a right old mess (the global economy). Not sure what's happening in China... shifting production to the UK ?

Edited by Ash4781

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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