Nokia, still the world’s largest phone maker decided to pull out of the world’s largest
handset market.

“In the current global economic climate, we have concluded that the
continuation of our investment in Japan-specific localized products is
no longer sustainable,” Nokia executive vice president Timo Ihamuotila
said in a statement

Pretty drastic move if you ask me…but since I’ve met Nokia’s Eastern Hemisphere President in Beijing last year……I am sure they know why.