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Japan-Update

Japan's precision instrument makers forecast profit growth

Digital cameras lift Canon, Nikon, Olympus over peers leaning on office equipment

TOKYO -- Canon, Nikon and other imaging-heavy precision instrument makers are poised to capture higher operating profit in fiscal 2017 as camera demand rebounds. But companies focused on office equipment sales are seen struggling as that market continues to slump.

Five of Japan's seven major precision instrument makers forecast operating profit growth for the current fiscal year. The most striking projected improvements come from companies with relatively large digital camera operations.

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