TOKYO — After years of grinding malaise, Japan suddenly has some of its bling back.
A humbled Sony — once a titan of Japan Inc. — recently sprang back into the black for the first year in five years, courtesy of a plunging yen. Honda, another corporate icon, triumphantly announced a return to Formula One racing, rejoining an exclusive club of high-performance carmakers after having slinked away when cash ran low. Read more
Categories: Economics, United States
You have to understand why Sony went down. It was because they made the mistake of hiring a US CEO and paid the price by loosing innovation, market share and good will. Now he is gone, they will come back up.