Panasonic has no Olympus plans

Japanese electronics maker Panasonic has no plan to invest in Olympus, president Fumio Ohtsubo said yesterday, contradicting a report that it would invest in the medical equipment maker, which is struggling to recover from an accounting scandal. Kyodo news agency reported on Wednesday that Panasonic was making final arrangements to provide up to ¥50bn (£403m) in capital to Olympus.