For the first time in 14 years, Sony incurred losses

The Japanese Corporation Sony said that according to the results of the financial year, she will incur losses of $ 2.9 billion. A net loss will be 1.7 billion. Sony incurred losses for the first time in the year in 14 years.

The corporation says that the reason for this result was not only a reduction in demand for electronics against the background of a global economic crisis, but also the strengthening of the Japanese currency.

The yen course has been at the highest mark over the past 13.5 years, and Sony especially depends on the situation in the foreign exchange market, since it sells about 80% of its products abroad, the Air Force reports

Back in October, Sony predicted that she would finish a year with profit. Later, optimistic forecasts were revised, but the sizes of the current losses were much more than analysts expected.

In the fall, the Japanese corporation announced the intention to dismiss 8 thousand employees and close some of their factories.

Compared to last year, the exports of Japanese products fell by 26.7%. This mainly affected the United States - one of the main markets for the Japanese economy.

The Japanese government has already warned that in 2009 there would be no economic growth in the country.

In the Japanese economy, the second in the world in volume and the largest in Asia, a reduction in consumer demand caused by a global crisis was sharply hit