Canon Declines Most In Three Years As Profit Forecast Cut

Canon Inc. (7751), the world’s largest camera maker, plunged the most in more than three years in Tokyo after cutting its full-year profit forecast because of a stronger yen and expectations for weaker global growth.

The shares declined 7.8 percent to close at 2,470 yen, the most since November 2008. The benchmark Nikkei Index gained 0.9 percent. Canon shares have declined 28 percent this year.

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