Japanese Companies Grapple With Euro Swings

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ASusilovic

One of the hottest topics at the Ceatec consumer electronics show this month near Tokyo had nothing to do with the latest digital cameras or LCD televisions. It was the euro’s precipitous drop against the yen, and the damage it is doing to unwary Japanese manufacturers.

“Our sales in Europe are down across the board this year,” Fumio Ohtsubo, president of Panasonic, told reporters at the annual industry gathering. “It’s a very serious situation.”

http://www.cnbc.com/id/45040013

Shirakawa says BOJ is already buying a large amount of JGB’s- can’t beat deflation with monetary policy alone.

http://forex.fxdd.com/129969/forex-...ant-beat-deflation-with-monetary-policy-alone
 
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