Leading Economist to Speak on Outlook of Asian Economy and Possible Effect on the U.S.

FOR RELEASE: November 6, 1998

CONTACT: Zenobia Daruwalla
  NAPM Media Relations
  602/752-6276 ext. 3015

(Tempe, Arizona) — On December 8, 1998, the President of the Japan Economic Institute will present the economic outlook for Japan and the anticipated effects on the U.S. economy for 1999.

Dr. Arthur J. Alexander will be a featured speaker during the National Association of Purchasing Management's (NAPM) First Annual Economic Summit, taking place in New York, NY at the Marriott Marquis at 9:30 a.m. (EST). Alexander will speak on current trends in the Japanese and Asian markets, and U.S. concerns with the economic events as they unfold.

"There is a definite negative impact on several industries and sectors of the U.S. economy, due to Japan and Asia. We already have evidence of this. It is a serious issue, and the economic turn-around time for Asia and Japan may be longer than we anticipated," warns Alexander.

Serving as president of the Japan Economic Institute since 1990, Dr. Alexander has conducted research on the Japanese economy, defense economics, technology, and innovation. He has testified several times before the U.S. Congress on these subjects.

Dr. Alexander is one of four speakers presenting economic outlooks for the U.S. economy at the Economic Summit. Other distinguished economists include: Robert Fry, Senior Associate Economist, DuPont, Ed Hyman, Chairman, ISI Group, Inc. and ISI Inc., and Roseanne Cahn, Chief Economist, Equity Department, Credit Suisse First Boston Corporation. The economists will present outlooks for the U.S. economy, investors, and U.S. currency.

The program kicks off at 9:30 a.m. with the premiere release of the Non-Manufacturing NAPM Report On Business® Semiannual Forecast, as well as the release of the Manufacturing NAPM Report On Business® Semiannual Forecast.

For more information about the Economic Summit, visit NAPM's Web site, or call NAPM customer service at 800/888-6276 or 602/752-6276, extension 401, to register or to request a general information brochure.

The National Association of Purchasing Management is a not-for-profit association that provides national and international leadership in purchasing and supply management research and education. The association exists to educate, develop, and advance the purchasing and supply management profession. NAPM provides members and nonmembers alike with opportunities to expand their professional knowledge and skills. NAPM is comprised of 180 affiliates with 43,000 members throughout the United States and Puerto Rico. Visit the NAPM Web site at http://www.ism.ws.