He goes on to say that smaller units are extremely safe because they are immune from the type of events that occurred in Japan.

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The steel people are not in a good way: workers are losing their jobs, they say, because of a flood of imported steel from Japan, Brazil and Russia.

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But Chinese factories have little trouble assembling digital cameras: all they need to do is to obtain advanced components from Japan that are pre-designed to work in harmony when snapped together.

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At the same time, there is no indication from any of Japan's competing nations that they are looking to weaken their currencies to negate Japan's advantage.

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