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To: Don Green who wrote (72002)	3/13/2001 12:36:33 AM
From: Don Green	Respond to of 99985

Japan's Economy Grows 3.2%, But Nikkei Index, Yen Decline By PETER LANDERS Staff Reporter of THE WALL STREET JOURNAL March 13, 2001 TOKYO -- For Japan's government, the economy's surprisingly strong growth at an annual pace of 3.2% in the fourth quarter of 2000 was a rare bit of good news. But investors dismissed Monday's data as old news: The Nikkei 225 stock index plunged 3.6% and the yen weakened on fears of political uncertainty and a slowing U.S. economy. The growth in Japan's gross domestic product reflected strong corporate investment in the October-to-December quarter, but most economists believe companies now are rapidly retrenching as demand in the U.S. falls off. In January, machinery orders -- an indicator of future trends -- were down sharply, and Japan ran a rare trade deficit. "It's hard to feel at ease" about the economy's future, said Economy Minister Taro Aso.