In the first half of fiscal 2014 (January 1 to June 30, 2014), the Companies’ operating environment was as follows. The domestic economy showed signs of gradual recovery due to the effectiveness of economic and monetary policies despite a temporary demand fluctuation associated with an increase in consumption tax rate while maintaining the correction of the appreciated Japanese yen. The United States economy continues gradual 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 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.