Sony: China Business “More or Less” Back to Normal
The head of Sony’s China operations claimed on Tuesday that business has “more or less” returned to normal for Japanese companies hit by this year’s Diaoyu/Senkaku Islands dispute. From Reuters:
The spat plunged relations between Japan and China into a deep freeze and hit sales of Japanese goods in China. Kurita said, however, that Sony’s China business would recover strongly in the coming three business years after a dip in the current one.
“My general impression is business conditions have more or less returned to the pre-crisis environment,” he told a media briefing at a Sony store in eastern Beijing.
He saw sales in China falling 10 percent in the business year to next March from the previous year, but rebounding in the year to March 2013 and growing strongly in the two subsequent years.
Kurita declined to comment on what impact the election of the hawkish Shinzo Abe as Japan’s new prime minister could have on Japan-China relations.
See also ‘China Irked by “Hawkish” Abe‘, at CDT.