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Politics : Formerly About Applied Materials

AMAT 235.24

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To: Proud_Infidel who wrote (18283)	3/29/1998 9:46:00 PM
From: MileHigh	Read Replies (1) of 70976

To all, Are the Cherry Trees Blooming Yet? Sunday March 29, 8:51 pm Eastern Time Conditions severe for spring recovery forecast-EPA TOKYO, March 30 (Reuters) - Economic Planning Agency head Koji Omi said on Monday that Japanese economic conditions remain severe despite the government's repeated predictions that a recovery would begin in the spring. ''We have said the economy would pick up around the time cherry trees blossomed, but current conditions certainly remain severe,'' Omi told the budget committee of the Lower House of parliament. He was responding to a question from Banri Kaieda of the opposition Minyuren bloc, who noted that cherry trees have begun blossoming around Tokyo. Omi said he wanted to watch conditions a while longer, as he said the impact of two trillion yen in 1998 income tax cuts should become apparent from March through June.

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