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Electronics industry in Japan shrinks again in 2002

Posted: 17 Feb 2003 ?? ?Print Version ?Bookmark and Share

Keywords:japan? upturn? downturn? sales? electronics industry?

A 17.5 percent decline in 2001 in total production, measured on a value basis, was expected to be followed by an 8.5 percent decline in 2002, to about $160 billion - the lowest annual figure since 1990, the Japan Electronics and Information Technology Industries Association said.

The association predicted that sales for the industry's consumer electronics sector in 2002 will remain level with 2001 thanks to such bright spots such as color TVs, digital still cameras, and car navigation systems.

It also predicted that sales for the industrial electronics sector, which includes computers, office equipment, and measurement equipment, will drop to 84 percent of the previous year's level and electronic component sales will drop by 8.5 percent.

The declines were attributed to Japan's sluggish economy, in which cautious capital investment and flat consumer spending have created uncertainty.

- Yoshiko Hara

EE Times

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