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Electronics

Olympus exit foreshadows a Japan camera sector shake-up

Smartphones, overzealous competition and coronavirus undercut proud industry

An Olympus camera on display in a store in 2009. Some enthusiasts were so taken by how Olympus cameras reproduce blues, they came up with the expression "Olympus blue."

TOKYO -- Olympus Corp.'s announcement on June 24 that it plans to spin off its imaging unit, which makes digital and video cameras, and sell it to a private equity firm foreshadows a raft of similar moves ahead.

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