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Canon, Nikon hoping to stimulate camera market via rivalry

TOKYO, Japan - Nikon Corp. President Michio Kariya said in a recent interview that the Tokyo-based company has no intention of competing head-on with Canon Inc. in the world's fast-growing digital single-lens reflex camera market. Noting that the corporate size of Nikon is much smaller than Canon's, Kariya said his company thinks it is important to offer new types of cameras to consumers when its chief rival does not do so, instead of vying with similar price-range products around the same time. (Kyodo)