Bad news keep rolling in, this time from Nikon. According to Market Watch, Nikon cuts its full year net income outlook by 68%. It is difficult to tell how much decline will be in the photography equipment business, but we can probably predict safely that it will not be rosy. In another news, Japan’s electronics industry incurred a shocking $22 billion in losses. Perhaps this is part of the reason we see price hikes for Nikon gears around the world?