Canon

It’s not just the Japanese carmakers that have suffered from their country’s territorial dispute with China.

Canon, the camera and office equipment manufacturer, reported on Wednesday that its sales in China fell by more than 30 per cent last year due, as the company put it, to a “cooling off of demand in China during the latter half of the year”.

The Beijing-Tokyo spat compounded difficulties caused by weak economic growth in Europe, consumers switching from cameras to smartphones, and the strength of the yen. The group’s results – and its 2013 forecast – fell well short of analysts’ forecasts. Read more >>

Here’s some much needed good news for Brazil’s ailing manufacturing scene.

Canon, the Japanese camera and optical equipment maker, on Monday announced plans to set up a production factory in the country’s Amazonas state in the northwest. The investment, at ¥210m ($2.6m), is not exactly jaw-dropping. But it is a symbolic vote of confidence in Brazil at a time when investor sentiments are at a low. Read more >>