Will Japan tech ever get out of its slump?

[Taro Toporific]

Study: IT, telecom on recovery pathCnet Asia, Nov 4
IDC said in a report Monday that better-than-expected growth in the U.S. economy will prompt spending in information technology, due to pent-up demand. However, the growth may not be to the level seen during the dot-com boom.
Higher IT spending in the United States will affect the global IT industry as well, according to the report, even though markets in Europe, Japan and Canada remain depressed. Worldwide, IDC predicted a growth of 5 percent in IT spending, taking it to $916 billion in 2004.

[vince]