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

To: StanX Long who wrote (61865)	3/11/2002 12:35:52 AM
From: StanX Long	Respond to of 70976

Japan January Machine Orders Plunge by Record 15.6% (Update1) By Ann Saphir, with reporting by Kyoko Suzuki quote.bloomberg.com Tokyo, March 11 (Bloomberg) -- Japanese machine orders tumbled a record amount in January, signaling the slide in business spending will extend into this year, hampering chances the world's second- biggest economy will emerge from recession. The 15.6 percent drop in machinery orders from December was the biggest since records were first kept in 1987 and more than three times the 4.3 percent fall economists forecast. Companies, like Sanyo Electric Corp., have idle machinery left over after expanding too fast, and have plenty of spare capacity to tap. That suggests any benefit to Japan from the resurgent U.S. may not be enough to spark a lasting recovery. ``When demand exceeded orders in 2000, we installed production lines to prepare for more orders,'' said Tadahiko Tanaka, who heads Sanyo's semiconductor division. ``The demand was never realized.''