boj minutes, 2005-04-06
This member added that the momentum for recovery in IT-related demand might be only moderate even after the completion of the adjustments, given that the growth rate of shipments of personal computers in Japan had been decreasing, and the book-to-bill ratio--the ratio of orders to shipments--of semiconductor manufacturing equipment in North America, a leading indicator for IT-related sectors, had been declining.
Sentiment: neutral
Topic: mp_economic_activity