Strong yen hammers profits, jobs
By Shunichi Ozasa and Kathleen Chu | China Daily | Updated: 2012-02-13 08:03
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The Sony Corp logo at the company's booth during the 2012 International Consumer Electronics Show in Las Vegas. Because the appreciation of the yen eroded Sony Corp and Toshiba Corp earnings, Sumco Corp, a supplier to the two companies, said this month it will cut 1,300 jobs. Andrew Harrer / Bloomberg |
TOKYO - Japan Inc is suffering and the supply chain is bearing the cost.
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