The Japanese electronics giant had planned to shift its Amagasaki plant in Hyogo prefecture to PV module production after moving the current plasma TV panel-making equipment to a factory in Shanghai.

But it will now simply stop TV production and not make the switch, says Japan's Nikkei newspaper, citing sources close to the company.

Panasonic’s decision follows plunging PV equipment prices and the effects of a strong yen on exports, it suggests.

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