Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: StanX Long who wrote (61984)	3/13/2002 12:49:18 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

More good news ? Tokyo sees light at end of tunnel By David Pilling in Tokyo Published: March 12 2002 18:25 \| Last Updated: March 12 2002 21:46 news.ft.com Japan's longest recession since 1993 may be slowly coming to an end as inventories are run down and companies gear up for a faster-than-expected US and European recovery, according to Heizo Takenaka, economics minister. "There are several indicators that show signs of the economy bottoming out," said Mr Takenaka, who added that the government should resist calls for a fiscal stimulus package to boost demand and attack chronic deflation. Although Mr Takenaka warned that private-sector investment and the jobs market remained worryingly weak, he said that "several economic indicators have shown signs of a halt in economic deterioration". However, many economists warned that it was premature to declare an end to a recession that has already lasted three quarters. Richard Jerram, chief economist at ING Barings, said it was still not clear whether the recession would grind to a halt in the current or the next quarter. Nor do economists expect any recovery to be more than fleeting unless Japan deregulates its economy and clears up the non-performing loans that are choking the banking sector. Some analysts have expressed concern that a recent surge in the stock market - which slipped back 2 per cent yon Tuesday after racking up gains of more than 20 per cent since mid-February - might take pressure off the government to pursue reform.