Nikkei report says Japanese camera manufacturers are in for a 'shake-up' following Olympus sale

Nikkei Asian Review Deputy Editor, Masamichi Hoshi, has written an article that outlines a grim picture for the future of the Japanese camera business in the aftermath of Olympus' recent sale to private equity firm, Japan Industrial Partners (JIP). The usual suspects are mentioned in Masamichi's overview: the rise of smartphones and the ongoing COVID-19 pandemic. 'Japan's digital camera industry was once considered on par with the country's auto sector in terms of international competitiveness,'...