Canon Finance Chief Sees Lengthy Challenges in Europe

Art Post (Guest)

BY JURO OSAWA

TOKYO—As Japan's major exporters struggle to absorb the impact of the strong yen on their earnings, Canon Inc.'s finance chief said Tuesday that any substantial rebound in the euro against the yen is unlikely, as the euro zone's "structural problem" may take several years to solve.

"Unfortunately, we can't hope for any quick recovery in the euro," Chief Financial Officer Toshizo Tanaka said in an interview.

His comments came as the euro was showing a modest gain against the yen Tuesday, after falling below ¥101 to a multiyear low last week. German Chancellor Angela Merkel and French President Nicolas Sarkozy ...

10/11/119:02 PM

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