Fall of the Japanese electronics giants
It has been 100 days since Prime Minister Shinzo Abe took office in Japan.
More than three months into the job, the economy is showing little signs of a turnaround.
Mr Abe is pursuing an ultra-easy monetary policy, which he hopes will urge consumers to spend, and companies to invest.
But that could be a real challenge for the electronics sector.
Sony, Sharp, Panasonic - these electronic giants were once household names. Now they are in deep trouble. Panasonic is expected to post an $8bn loss this year. Meanwhile Sharp could post a loss of $5bn and potentially go bankrupt.
What led to the current state of these corporate giants?
Rupert Wingfield-Hayes reports.
02 Apr 2013
- From the section Business