Canon looks to snap up camera, printer sales

Japanese camera and printer maker Canon Inc said Thursday it is aiming to boost its Asia revenue to $10 billion by 2020, by leveraging the tourism and e-commerce boom in China and other countries.

Fujio Mitarai, chairman and CEO of Canon, said despite the current economic slowdown, "Asia will continue to be the growth center of the global economy, driven by a growing population and an expanding middle-income class in the mid-to-long term".

Last year, the company posted 867,200 million yen ($7.9 billion) in revenue in the Asia and Oceania region, with Japan excluded.