Japan signals the end of China camera manufacturing, report suggests

Apr 14, 2020

Dunja Djudjic

Dunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

Japan signals the end of China camera manufacturing, report suggests

Apr 14, 2020

Dunja Djudjic

Dunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

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Due to the coronavirus pandemic, many camera companies are experiencing delays and temporarily shutting down factories. Japan’s newest financial incentives stimulate manufacturers to move their productions out of China. And since most major camera companies are Japanese, this could change the industry immensely.

According to Bloomberg, Japan has earmarked 220 billion yen (around $2 billion USD) to help companies shift production from China back to Japan. There are additional (over $219 million USD) for companies who seek to move their production elsewhere.

The major problem that the coronavirus has caused is the disruption of supply chains between China and Japan, as well as other major trading partners worldwide. But what is particularly interesting is that most major camera companies are Japanese, as Digital Camera World points out. These include Canon, Nikon, Panasonic, Fujifilm, Sony, Sigma and Tamron, and you’ll agree that they have a huge share in the camera market.

Some companies have already moved their production out of China amidst the coronavirus pandemic. With Japan’s latest financial incentives, I believe there will be many more to do it. Digital Camera World even suggests that this might be the end of camera manufacturing in China. I wouldn’t go that far, but it’s inevitable that the camera industry will suffer major changes.

There is no doubt that the current coronavirus crisis will change the global economy. We are already seeing some big changes, and who knows how huge they will become once this is all over. With the latest measures from Japan, I am curious to see how the situation will unfold in the camera industry.

[via Digital Camera World]

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Dunja Djudjic

Dunja Djudjic

Dunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

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8 responses to “Japan signals the end of China camera manufacturing, report suggests”

  1. Haroen Dilrosun Avatar
    Haroen Dilrosun

    Prepare yourself for huge increases in prices…so wanna buy new equipment,do it now

    1. Aaron March Avatar
      Aaron March

      Haroen Dilrosun Good point.

    2. Lumin Guo Avatar
      Lumin Guo

      Haroen Dilrosun They can also be made in other developing countries

    3. Haroen Dilrosun Avatar
      Haroen Dilrosun

      Lumin,those donnot have the labourforce,and willpower and forced upon workethics the chinese have

  2. Adrian J Nyaoi Avatar
    Adrian J Nyaoi

    China should be made to pay for the pandamic.
    Now they are trying to get the most economic and diplomatic return from it.

  3. Kevin Smalls Avatar
    Kevin Smalls

    That’s not good Damn.

  4. Bassim Mahmoud Avatar
    Bassim Mahmoud

    My only concern in the future that Japan had a lot of natural disasters like Tsunamis, earthquakes, and man made like Fukoshima, so making all the photography equipments in Japan will make it even more expensive for the end user, and makes china do it’s own good quality photography brands like dji..

  5. Rick Avatar
    Rick

    The sooner the better, not just for cameras, but, all manufacturing!