Financial Times (November 8)
2016/ 11/ 09 by jd in Global News
Stung by the strong yen, over 100 TOPIX-listed manufacturers have issued profit warnings. Conventional cost cutting is no longer doing the trick. “After decades of building plants overseas and trying to make production leaner and more efficient to address the currency vulnerability, analysts say Japanese companies are facing a sobering reality: the urgency to sell underperforming businesses and join hands with rivals to survive brutal market conditions.”
Tags: Analysts, Cost cutting, Efficient, Japan, Leaner, Manufacturers, Overseas, Plants, Production, Profit warnings, Topix, Underperforming, Vulnerability, Yen
