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© 2016 AFPCanon slashes profit forecast due to strong yen
TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2016 AFP
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wtfjapan
so instead of making money by selling good cameras, they make money by currency manipulation? no they keep R&D and about 50% of production in Japan , helping Japan, once you move R&D to cheaper countries like China you've basically lost control altogether. Too many here on JT think Japan should just give in and move everything to China and be done with it.
fxgai
"Canon uses foreign exchange contracts to manage certain foreign currency exchange exposures", apparently (according to their 2015 annual report), but it would seem that they are only smoothing out some of the effects.
With the central planners intent on messing with the value of the currency, if I were trying to run a big business like Canon I'd be trying to hedge more.
some14some
Half truth :(