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

To: StanX Long who wrote (61052)	2/28/2002 12:40:13 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Japan Production Falls 1%; Inventories at 11-Year Low (Update1) By Ann Saphir, with reporting by Yoshiko Matsushita, Julie Tay and Tomoko Yamazaki 02/27 22:44 quote.bloomberg.com Tokyo, Feb. 28 (Bloomberg) -- Japanese factory production unexpectedly fell in January as demand for chip making equipment and computers dropped. Stocks rose as manufacturers said they plan to lift production this month as orders from the U.S. recover. Production fell 1 percent last month, the Ministry of Economy, Trade and Industry said. Economists had forecast a 0.5 percent gain after a 1.5 percent increase in December. Sales dropped less than production, pushing inventories down 1.1 percent to an 11-year low. The benchmark Nikkei 225 stock average climbed to a seven-week high, led by Toyota Motor Corp. and other exporters. Manufacturers forecast production will rise 4.7 percent this month, which would be the biggest increase in 45 years, raising expectations a yearlong factory slump may be nearing an end.