Japan Signals The End Of China Camera Manufacturing Report Suggests
Due to the coronavirus pandemic, many camera companies are experiencing delays and temporarily shutting down factories. Japan’s newest financial incentives stimulate manufacturers to move their productions out of China. And since most major camera companies are Japanese, this could change the industry immensely. According to Bloomberg, Japan has earmarked 220 billion yen (around $2 billion USD) to help companies shift production from China back to Japan. There are additional (over $219 million USD) for companies who seek to move their production elsewhere....