business spotlight asian report oitda predicts 8 9 gain in optoelectronic market for fy 03 o verall domestic production of optoelectronics japan dur ing 01 ending march 2002 plummeted 15 1 compared to the year before says japanese industry and technology development association tokyo contrast 02 2003 resulted a 4 0 increase taking nearly 1999 levels more important s forecast that will climb 56 million 6 trillion which is slightly below record 59 3 7 set 00 plunge was led by optical communications equip ment declined 29 trend continued during sector dropped another 31 field components 10 display elements 12 but came back fiscal just wrapped revenues opti cal equipment on downward spiral although forecasts predict expected be only