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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (37355)	9/21/2000 3:40:06 PM
From: Proud_Infidel	Respond to of 70976

Japanese Chip Industry Experiences Slow Growth In-Stat report suggests Japan is the only country not to grow. As the Internet revolution spreads worldwide, spurring economies to unprecedented productive gains, Japan remains debt laden and reluctant to undertake the necessary reforms to break up an entrenched bureaucracy, according to Cahners In-Stat Group. In a series of regional reports, the high-tech market research firm has found that Japan is the only region out of the world's top semiconductor consuming regions that has not blossomed in the era of the "New Economy." The United States is in its 110th consecutive month of growth, Europe is rapidly adapting to the new economic roadmap in spite of the rigid political and social systems, and Asia Pacific has successfully reformed many of its inefficient and corrupt institutions and is poised for another economic miracle. In-Stat predicts that a solid global economy will translate into exceptional growth for the electronics and semiconductor industries in these regions. However, according to Grant Johnson, industry analyst for In-Stat's Semiconductor Research service, "The economic crisis in Japan is unlikely to disappear this year and it is probable that effective reform will not occur until the year 2002. Restructuring the economy will be a daunting task, as 50 years of complacent entrenchment will not be easily dismantled overnight." In order for the Japanese economy to be successful, In-Stat believes that the government needs to take immediate action that regains the support and confidence of the world and creates a more liberal, democratic system. Such a miracle recovery will only come after drastic structural reform is undertaken, a process that would undoubtedly take several years. "If Japan can overcome these hurdles in a rapid manner," said Grant, "the Japanese semiconductor companies and the Japanese market will revive swiftly. Remember, a restructured Japan is going to be a powerful competitor in all sorts of businesses. If we thought Japan was mighty in the 1980s, the post-Internet version will be incredible." For more information try instat.com