Matsushita Electric of Japan for fiscal year of 08 lost expected to 380 billion Yen
Because of economic depression in the world, the electronic components and semiconductors, as well as digital home appliances with prices down, coupled with the appreciation of the yen leading to a substantial shrinking of profits overseas, Matsushita Electric’s earnings deteriorated sharply. As early as in early fiscal of 2008, Matsushita had expected profit reached a record high of 310 billion, but in November last year because of depression appear, Panasonic once with profits were expected to substantially lower, and the current was adjusted to net 380 billion loss, which would be Panasonic’s first loss in six years.
In 2008 Japanese mobile phones fell for the first time in four years
This newspaper, in Tokyo, Japanese Electronics and Information Technology Industries Association recently published data which showed that in the year of 2008 PHS and Japanese domestic mobile phone manufacturers shipped 42.004 million, up to 18.7 percent of reduction and since 2004 declined for the first time. The association said that with the Japanese mobile phone sales of a change in the way, NTT DoCoMo and other major mobile phone operators began to change the sales system, resulting in significant increases in mobile phone in retail prices, and consumer demand for the replacement of cell phone has declined markedly. And Japan has more than 100 million mobile phone users.
Bank of Japan may not intend to cut interest rates and to reduce the cost of borrowing will be the theme
In order to prevent a shortage of credit leading to Japanese economic recession deepened, the Bank of Japan (BOJ) is expected to announce Thursday a plan to buy corporate bonds in the details, and may extend the lending program. The governor of Bank of Japan Shirakawa Fangming (Masaaki Shirakawa) and other officials of central bank have said previously, compared to close to zero of the benchmark interest rate, they also hope to reduce corporate borrowing costs. Economists generally expect that the Bank of Japan will be today at the policy meeting keep the maintenance of the 0.1 percent benchmark interest rate.
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