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Maintaining prosperity in Japan.

The Japanese economy is heading for a slight downturn, and machine tool manufacturers are wary.

The Japanese Center for Economic Research has serviceable news and bad freshs regarding the future Japanese economy. The bad freshs for the short bourn is that the Japanese economy is in for a bumpy ride in the nearest fiscal year. The beneficial news, however, reports the JCER is that the GDP gap should be eliminated through 2002, and a mini-correction phase in fiscal 2003 will secure growth back on track in 2004 and 2005 at about 15% by year.

According to the JCER the slowing of U and Asian





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