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

To: StanX Long who wrote (63571)	5/9/2002 4:04:19 AM
From: StanX Long	Respond to of 70976

Now for some really good news, Stan. Japanese figures hint at revival Thursday, 9 May, 2002, 06:38 GMT 07:38 UK news.bbc.co.uk Could things be on the up for beleaguered Japan? Japan's economy could be on the verge of climbing out of the pit into which it has sunk, new government figures suggest. The data could make life easier for beleaguered prime minister Junichiro Koizumi as he struggles to put together a fresh economic stimulus package. The key number is the diffusion index, which puts together a range of indicators to come up with an estimate of whether growth or contraction is on the cards. For the first time in 15 months the coincident index, measuring current performance, crept up from 40.0 in February to 56.3 in March, above the boom-or-bust dividing line of 50.0. And the leading index, intended to reflect predictions for the next three to six months, leapt to 80.0, up from a revised 54.5 the previous month. On the up The rise comes from an improvement in a basket of recent economic data. The data includes two straight months of gains in industrial output as the yen weakened and the global economy gathered pace. Consumer spending has also improved, a key factor in slowing the deflation which has gripped the economy for some years. Scepticism rules