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To: Don Green who wrote (42803)	3/12/2000 8:40:00 PM
From: Don Green	Respond to of 99985

Oct-Dec GDP Posts 3rd Largest Contraction Monday, March 13, 2000 TOKYO (Dow Jones)--The Japanese economy posted the third largest contraction ever in the October-December period of 1999 - minus 1.4% on quarter, an Economic Planning Agency official said. Briefing on the latest quarter's gross domestic product figures, the official said as a result of the large contraction, Japan needs to achieve 2% quarter-on-quarter growth in the January-March period of 2000 to achieve its 0.6% growth target for the fiscal year ending March 31. The margin of contraction was the third-largest after contractions posted after the oil shock in 1974 and after the nation's consumption tax was raised in April 1997, he said. Japan's current account surplus accounted for 2.3% of GDP in the latest quarter.