. >>> japanese electronics maker hitachi will reshuffle its top management. the corporate executives explained that they will go ahead with downsizing and restructuring of subsidiaries. hitachi's board of directors decided on wednesday to replace chairman karamura with the president. and the current senior vice president will become president and chief operating officer. they will take up their posts on april 1st. >> translator: i think it's very important we should move forward and do more to respond promptly to the markets. and take measures to deal swiftly with changes. >> he became the chairman in april 2009 after hitachi suffered its largest ever net loss. he's been pushing for structural reforms to rebuild its finances. >>> well the people over at canon like the picture that they're seeing with exports. they're banking on the yen remaining weak for some time and they hope to make more money selling their products abroad. sort of wrapping up their production lines here in japan. right now, 42% of canon's global production comes from japan. in the next ye

this is a big comeback for hitachi.n 2008, it posted the worst number ever for a zap niece manufacturer. the firm has been working on reorganizing its business by undertaking structural reforms and cutting profitable businesses. it turned five companies into holy opened subsidiary. hitachi succeeded in rebalancing its earnings base, forecasting more on infrastructure business which includes elevators and overseas rail systems rather than electronics segment. it's working on taking advantage of growing demand in emerging markets. hitachi's shares surged right after the opening bell in the tokyo market, but ended flat as a rise in the yen took a toll on exporter shares. karen, back to you. >> thank you so much for that. >>> elsewhere, bitcoin trading platform btc china will now allow customers to buy bitcoins with the yuan in exchange accounts. this after the platform halted deposed deposits back in december. last month, china banned services companies from bitcoin transactions. the ceo told the dow jones news wire that a

major manufacturers like hitachi are vying for a share of the trillion dollar international market and the 370 reactors that are expected to be built by 2070. >> i would think it's our responsibility to respond to that kind of expectation. >> reporter: japanese nuclear manufacturers received $50 billion in international orders last year. new technology and reactor designs they say ensure that this time, it will be different. >> translator: we know what happened and we apply what we think is necessary countermeasures into our technology. so the technology is always improving to overcome any you know, events that happened past. >> reporter: for nato khan the current administration is learning the wrong lesson from fukushima. >> until 3-11 i felt the same about nuclear energy that priessments abe does. but i no longer feel we should be selling nuclear energy either domestically or internationally. >> reporter: khan is confident that now is the time to transition to renewables. >> japan can supply sufficient energy without nuclear power. over half of japanese citizens are demanding that. b

so just pushing by hitachi and that's after what we've discovered also with the captain on the major news about that you're on a set that is open to seek help from my japan to build nuclear power plants about some interesting sector with the fact that as well. i bet she never made things a lot for that update. now officials echo a psyche heavy industry have unveiled a new train cars for the subway lines of washington dc the firm is the first japanese company to win orders for the us capital the officials showing off their latest model at a suburban station washington's transit officials are ordering new subway cars to replace old stock and boil new clients over the next twenty years ago at two hundred and fifty thousand people and i am delighted to hear today. it's at the new cars coming into our region. hasek these cars use stainless steel for stronger bodies. they also have more space near the doors for wheelchairs the firm will deliver five hundred twenty eight cars to the american capital over the next four years. among the new rail cars is growing in other us cities. we'll aim t

live it better than expected something to focus on some appears here in japan such as call lots of hitachi construction machinery out which are coming out with their own earnings. this week as well and made a slew of other earnings reports as well from mega banks and is a lot of consumer electronics store in full swing here but right now. bake in a top exposed in the negative effects you i can write to me this law for that update from the mill a guy from the tokyo stock exchange. the japan sent to raise the consumption tax rate from the current five percent to eight percent in april and in each case survey suggests the majority of major firms are not too worried about the tax hike most of them expect the impact of the tax increase to be temporary or even nonexistent. and if you polled one hundred major companies in mid january. i also bought the domestic economic outlook over eighty percent of the firm cent of the country trend will continue even after the tax increase. a third of the respondents said the tax hike will have no effect on their business. slightly more than half said there wi

ha -- hitachi is in the middle of their cycle.gory, meaning people hate department stores. they've traded at low multiples. they look at the aggregate numbers and say department stores are losing share. what's that missing is there are two good ones and two bad ones. they're losing share in part to macy's and companies like dillards. macy's, for example, trades, we think it's 11 times earnings. every other retailer of any substance trades 13 to 20 times earnings. macy's is doing better than the gap, better than limited. >> better-looking ceo. >> they are crushing it in terms of cash. they'll buy back half their market cap. this stock creates 11 times earnings. huge discounts to macy's, gap, limited, you name it. you can see the stock be up 40% over the next year. hospitals which i think another topic of the morning. >> that's a part of the health care you like. >> we think hospitals are the biggest winner for obamacare. people have been uncertainty about health care programs, they've basically held off doing things. >> people gett