Tech demand in Japan hit by negative newsflow

Negative newsflow continues to emanate from the Japanese telecoms, media and technology sector. The sustained tail off in demand and subsequent profits warnings have led to some corporate restructuring within technology and telecom companies, but more will necessarily follow, says Stuart Dickson, Japanese investment manager at Britannic Asset Management. He says: 'There have been a number of restructuring announcements, but we do not think that the restructuring has gone far enough yet.' While the macro picture is hurting companies throughout most sectors, the technology sector ...