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Canon profit hit by slower sales in emerging economies

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Canon is forecasting a rebound in net profit this year as it expects an increase in demand for office equipment, thanks to growing strength in the US and some emerging economies.

Tokyo

CANON said on Tuesday that its full-year profit shrank by almost a third in 2016, blaming it on a slowdown in emerging markets and the impact of a stronger yen.

The camera and copy machine maker, however, forecast a rebound in net profit for 2017 as it expects an increase in...

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