Tsuneji Uchida also told Reuters that Canon was aiming to cut $1 billion in costs with a new computer system to be completed by 2010 and that he was in no rush to join an acquisition spree by other cash-rich Japanese firms.
The economic slowdown has started to hit sales of digital single-lens reflex (SLR) cameras — high-end models that use interchangeable lenses — but overall Canon’s camera sales are solid ahead of the year-end shopping season, Uchida said.
