Product manufacturers in Japan cautious about economy in disregard of Abe’s assurances.

April 5, 2015 10:59 AM

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Considering the fact that several companies like Panasonic, Sharp, Canon, and others are moving back production from China to Japan to benefit from the weaker yen, several of these companies among others are re-strategizing and trying to reposition their businesses for more economic gains and would not accent yet to Abe’s urge to splurge.

According to Atsushi Takeda, chief economist for the Itochu Economic Research Institute, “Companies were so hard hit by the excessive yen strength after the Lehman shock they want to be convinced there won’t be a reversal of the weak yen over the next five to 10 years,” he said. “They are in no mood...

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