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 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.