Canon to cut 400 billion yen in costs:

Art Post (Guest)

(Reuters) - Canon Inc aims to cut at least 400 billion yen ($4.84 billion) in costs over four years to soften the likely impact of a strong yen and an economic slowdown in Europe, the Nikkei reported.

Canon estimates that the yen's firmness will depress its operating profit by a little more than 100 billion yen from a year earlier, the business daily said.

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3/13/127:22 PM

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