Sir Howard Stringer expresses concern over the yen

Sir Howard Stringer, the lord of lords over at Sony, has recently come out to express his concern over the strengthening power of the Japanese Yen. He assures people that Sony as a company is doing great -- so no, this isn't a complaint about declining profits or something -- but the impact of the strengthening yen may have an adverse affect on business, namely exports. He said at the World Economic Forum, "There is always an impact on exports. The yen is volatile...We watch it with some anxiety."

See, if the yen is stronger, and Sony chiefly profits from exports, this could bode for bad times as other countries will have to pay more for Sony's stuff as imports. Stringer said that the consumer electronics division, especially the PlayStation branch, are holding up just fine, noting the powerful performance of the PS3 as of late: "It's moving into its own as it gets into higher bandwidth ... PS3 is out of the woods and beginning to hold its own." We'll have to watch the world economy a little more closely, too, we guess.