During fiscal 2013 (January 1 to December 31, 2013), the Companies’ operating environment was as follows. The domestic economy showed signs of gradual recovery supported by improved exportations and effectiveness of economic and monetary policies with maintaining the correction of the appreciated Japanese yen. The United States economy has also shown signs of recovery. Although the European economy has shown signs that it had bottomed out, it remained stagnant. The Asian economic expansion showed signs of a slowdown, particularly in China and India. Overall, recovery by many overseas economies was continuously weak.
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About Bridgestone Europe
Bridgestone Europe (BSEU), with European headquarters in Brussels, Belgium, is a key regional subsidiary of Tokyo-based Bridgestone Corporation, the world’s largest manufacturer of tyres and other rubber products. Bridgestone Europe operates an R&D center, 8 plants and offices in more than 30 European countries, with over 13,000 employees. BSEU’s premium tyres are sold both within Europe and globally.