Japan’s Electronics Under Siege

Hedge-fund billionaire Daniel Loeb’s campaign to pressure Sony Corp. into spinning off its entertainment arm is the latest tremor to ripple through Japan’s electronics industry, already reeling from unprecedented losses stemming from its lost standing in the technology world.

After a miserable past few years, marked by the rise of Samsung Electronics Co. and the dominance of Apple Inc., Japan’s once-powerful electronics manufacturers are grappling with outside investors and fed-up creditors looking to break the cozy and insular bonds that were once a hallmark of the country’s corporate sector.

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