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Major Japanese firms are experiencing growing pressure from the global economic slowdown, along with waning1 consumer demand, and the impact of deteriorating2 ties with China. Japanese electronics firm, Sharp, is warning that it might not survive, after nearly doubling its full-year net loss forecast to 5.6 billion US dollars.
On Wednesday, Panasonic said it anticipates losses of 9.6 billion U.S. dollars for the current business year. It would mark the company’s fourth year of net losses in five years.
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1 waning | |
adj.(月亮)渐亏的,逐渐减弱或变小的n.月亏v.衰落( wane的现在分词 );(月)亏;变小;变暗淡 | |
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2 deteriorating | |
恶化,变坏( deteriorate的现在分词 ) | |
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3 plunged | |
v.颠簸( plunge的过去式和过去分词 );暴跌;骤降;突降 | |
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