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Video: Panasonic slumps after huge loss forecast

11-01-2012 13:57 BJT

Japan’s Nikkei 225 is flat near 8,930 points, with Panasonic plunging nearly 20%, after it forecasted a loss 30 times bigger than expected. Meanwhile, better numbers at Softbank, along with a weaker yen are offering some support to the market.Vincent Touraine joins us live from Tokyo.

Q1: Vincent, losses at Panasonic really shocked investors.Some now fear the worst for rivals Sony and Sharp, which are reporting later today?

Q2: Still, better news at Softbank and optimism at Mazda are supporting the Nikkei, what more have you got?

Editor:James |Source: CCTV.com

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