TOKYO (AP) — The Japanese government needs to do more to stem the yen's rise to protect the nation's export-driven economy as manufacturers increasingly shift production overseas, Sharp's president said Friday.
Mikio Katayama, who heads the Japanese electronics company, said keeping all production in Japan was growing too risky, and it was moving some flat-panel TV production to China, with a plant in Nanjing set to be running by next year.
Speaking to reporters at a Tokyo hotel, Katayama expressed frustration over the surging yen, coming at a time when Sharp's production of liquid crystal displays had been finally recovering from the battering it took a year earlier from the …
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