1.   Prices for chips and other components are lower because of a production glut and softening of demand created by the Asian economic crises.

2.   Kawasaki said the move was prompted by concern about falling steel prices due to a worldwide production glut, something it does not expect to end soon.

3.   World oil prices have declined in response to a production glut worldwide, combined with declining demand due to the economic crisis in Asia.

4.   Nations in the Organization for Economic Cooperation Development also should pursue an agreement to reduce a global production glut, the letter said.

5.   Nations in the Organization for Economic Cooperation Development also should pursue an agreement to reduce a global production glut, he said.