Note 1-9

(9) According to one estimation (See Attached Note 1-2), the widening margin of year-on-year declines of Domestic wholesale prices during 2001 was due to an aggravation of the demand-supply balance and a fall in import prices. It also shows that the narrowing margin of year-on-year declines of Domestic wholesale prices was due to a rise in import prices and an improvement in the demand-supply balance.