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Japanese Electronics Industry Forecasts 0.7% Growth in Domestic Production in 2002


TOKYO, JANUARY 30, 2002 ... The Japan Electronics and Information Technology Industries Association (JEITA) today issued its 2002 Domestic Production Forecasts for the Japanese Electronics Industry. An English-language Executive Summary of these forecasts is available in pamphlet form.

2001 Domestic Production Estimates
JEITA estimates that domestic production in 2001 was down from 2000 in each segment, including decreases of 12.0% in consumer electronic equipment, 9.7% in industrial electronic equipment and 21.8% in electronic components and devices. As a result, overall domestic production by the industry is estimated to have dropped 15.3%, to ¥22.2 trillion.

The primary reasons for the decline were reduced exports from Japan, caused by the slowdown in demand for information technology (IT) products in the United States and around the world, as well as worsening conditions in the markets for electronic components and devices such as semiconductors. The weak market in Japan also impacted production figures.

The estimated decrease of 15.3% is the worst year-on-year decline on record.

Forecast for 2002
Events such as the FIFA World Cup to be held in June will make 2002 a "year of sports," and domestic demand for equipment related to digital satellite broadcasting is anticipated to increase as a result. Progress under the e-Japan Concept, based on Japan's Basic IT Strategy, is also expected to revive demand for IT-related products.

Although severe conditions are expected to continue through the first half of the year, expectations are high that a path to solid recovery will be seen in the second half.

In this environment, due to the influence of the shift to offshore production, domestic production of consumer electronics is forecast to slip 2.0% from the 2001 estimate.

In the industrial electronics segment, though a decrease of 2.0% is forecast for production of personal computers (PCs), domestic production in the segment is anticipated to rise 0.1%. Production of electronic components and devices is foreseen advancing 2.1%, owing to the expected recovery in the second half of 2002. As a result, overall domestic production by the Japanese electronics industry is forecast to increase 0.7% in 2002, to ¥22.3 trillion.


PRODUCTION RESULTS, ESTIMATES AND FORECASTS FOR THE JAPANESE ELECTRONICS INDUSTRY

 
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