Financial Times FT.com

Strong yen forces Sony to cut costs

By Kathrin Hille in Taipei and Jonathan Soble in Tokyo

Published: April 3 2008 10:32 | Last updated: April 3 2008 10:32

Sony said on Thursday that it hoped to mitigate the effect of a strong yen against the dollar and weak US demand by cutting costs and boosting exports to emerging markets.

“We will lower production costs and take more orders so that the impact will not be that serious,” Ryoji Chubachi, Sony’s president, said at a company event in Taipei.

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