In the first quarter of fiscal 2014 (January 1 to March 31, 2014), the Companies' operating environment was as follows. The domestic economy showed signs od gradual recovery due to last minute demand associated with the consumption tax rate increase and the effectiveness of economic and monetary policies with maintaining the correction of the appreciated Japanese yen. The United States economy continues gradula recovery due to an increase in consumer spending. THe European economy has shown signs of recovery. The Asian economic expansion continues to slow down, particularly in China and India. In addition, economic stagnation was shown in Thailand. Overall, recovery by many overseas economies was continuously weak.
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About Bridgestone EMEA (Europe, Middle East and Africa)
Bridgestone EMEA, with headquarters in Brussels, Belgium, is a wholly owned subsidiary of Tokyo-based Bridgestone Corporation, the world’s largest tyre and rubber company. Bridgestone EMEA operates in more than 60 countries and has over 18200 employees. Across the region it has 14 tyre and tyre related plants, a major R&D Centre and a proving ground. Bridgestone EMEA’s premium tyres are sold in Europe, Middle East, Africa and globally.