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world news - 20.04.2004

Japan: Revised Forecasts

Japan's Forest Agency has released new forecasts of supply and demand for imports of wood products up to the 3rd and 4th quarter of this year. In the second half of last year, demand for lumber and building materials surged as there was some improvement in housing starts helped by a deduction in tax rates. This bullish mood slowed a little in the first quarter of this year, but it is anticipated that starts will pick up again starting this month.

ITTO


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