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You mention that last year business all but dried up. That may have
well been the bottom in Japans slump, with us seeing the aftermath now.
The factors that led to Japans rise have long been gone. The energy
crisis of the 70's and 80's helped fuel Japan's rise mainly because of
their experiance and supply of small economical cars at a time when
Detroit was asleep at the wheel. Their policy of limiting the amount of
goods and services they import from America while having unlimited
access to our markets also gave them additional fuel. Eventually all
this led to them becoming top heavy. Their currency more than
quadrupled, their cars became over priced, their investments more
speculative and a loss in the pride in being part of a team. They
became selfish, the want of money replaced their tradition of honor.
The same thing happened to the US in the 70's. Japan is in the begining
stages of recovery, although I feel that we may not have seen the bottom
of the yen.
Paul
Douglas Meakin wrote:
>
> Dear RT'ers
>
> I was interested in recent discussion of Japan. I live in Japan and work
> for a large semiconductor equipment company. As a capital business, we act
> as a leading indicator. Our business pretty much disappeared last year in
> November/December but is now picking up quite nicely. Japanese makers are
> looking for equipment right now and capacity is ramping up pretty well. We
> had systems lying dormant with the electricity shut off last winter and all
> these systems are now running again. I have seen this news reported in the
> Nikkei Shimbun also. Spare parts and engineering specials orders are up
> too, which means that budgets inside the Japanese companies are being
> released.
>
> All this activity is going to translate into increased GDP in 2 quarters or
> so. Be careful with any domesday scenario that involves Japan going bust,
> from where I am I think the worst is over, at least in the hi-tech sector.
>
> I guess this information is known to the stock market analysts that cover
> our industry so I expect the worst in the NASDAQ hi-tech stocks is over. I
> am a buyer of our own company's stock, because our business here is getting
> better every day now.
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