At the beginning of the year, people start looking at valuations, they look at earnings forecasts. If you're a global fund manager you look at different markets, obviously, and maybe you came to realize that Japan does not offer the value it offered 12 or 18 months ago. |
Competition is easing up in both digital cameras and printers. Canon is bound to benefit even more from that. |
Last year was mostly fueled by foreigners' buying. There's only so much we can buy. |