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Panasonic to expand home appliance output if yen drops to 105 vs dollar

Japan's Matsushita said it would increase its overall output half, about one-third of the domestic production of washing machines and other appliances yen weakened to $ 105, reversing a strategic shift production overseas.
In 105 yen or less, it will cost less to establish Appliances Panasonic exported to Japan, instead of importing from overseas factories, Kazunori Takami, household electrical appliance enterprises responsible person, in Osaka, said at a news conference.
Since a year ago to become president of Panasonic, Tsuga Kazuhiko made ??a profit Takami and other department heads of a priority.
Weak yen has prompted some foreign companies, including Apple Inc. to raise prices as the currency moves erode their income in Japan.
 



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