Canon to bring production home as yen continues slide

TOKYO: Japan's Canon Inc, the world's largest camera maker, is looking to ramp up capacity at home as it anticipates a further slide in the yen to make domestic manufacturing cheaper. 

Canon shifted camera and photocopier production abroad as the yen soared in the wake of the 2008 financial crisis making Japan-made goods expensive overseas. But is now set to reverse that move as it banks on the prime minister's economic stimulus plan, known as Abenomics, to push the yen below pre-crisis levels.