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Strategies & Market Trends : World Outlook

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To: Don Green who wrote (726)	3/16/2000 11:25:00 PM
From: Don Green	Read Replies (1) of 48760

Sakaiya: Private Demand-Led Recovery Likely In FY 2000 2nd Half Friday, March 17, 2000 TOKYO (Dow Jones)--Economic Planning Agency head Taichi Sakaiya said Friday Japan's economy is growing at a faster pace and stand's on the verge of a full recovery. "The door has opened (to a recovery) and it's stopped raining outside," Sakaiya said at a press conference. Reiterating remarks made earlier in the day, Sakaiya said the EPA had upgraded its assessment of the economy based on recovering private demand. However, Sakaiya cautioned that it's still too early to declare a full-fledged recovery. "Those rains may come back so we are still cautious," he said. On balance, with signs that corporate capital spending is rebounding and that personal consumption is at last picking up, the EPA head said the likelihood of a private demand-led recovery in the second half of the next fiscal year (starting April 1st) was increasing. "The economy is currently in a phase of expansion and has firmly lifted off the bottom," he said.

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