Canon planing to move camera manufacturing back to Japan

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With the falling yen, Canon is planning to move copier, camera and printer manufacturing back to Japan:

Canon Inc and other Japanese electronics companies want to bring production of some goods back home, reversing a years-old trend of overseas manufacturing as a rapid decline in the value of the yen makes local goods more competitive.

Now, Canon says it wants domestic production to return to 60 percent of overall output in three years, up from around 40 percent. "From now on, new copier, camera and printer products will be built at domestic factories and as they replace older products, the volume of goods made overseas will fall," said company spokesman Hirotomo Fujimori.

Panasonic is also considering to increase their domestic production.

Via Reuters

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