boj minutes, 2002-01-16
Many members pointed out that the following positive factors were starting to be observed: (1) reflecting the steady progress in the adjustment of excessive inventories in IT-related industries, the pace of decrease in shipments of semiconductors worldwide had slowed and semiconductor prices showed signs of bottoming out; and (2) a large decrease was avoided in the results of Christmas sales in the United States, which had been a focus of attention.
Sentiment: neutral
Topic: mp_economic_activity