Toshiba says stops making LCD TVs in Japan

TOKYO Wed May 16, 2012 11:22pm EDT

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TOKYO (Reuters) - Toshiba Corp said on Thursday it has halted domestic production of LCD televisions in the face of price falls. The decision by Japan's leading chip maker to stop producing LCD TVs domestically follows a similar decision by Hitachi Ltd as Japanese firms struggle to manage with a strong yen.

(Reporting by Miki Kayaoka and Maki Shiraki; Editing by Michael Watson)