Can Japan’s economy ever recover after the devastating earthquake?

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Can Japan’s economy ever recover after the devastating earthquake?
Mar 17, 2011 03:31
KEVIN0518 Points: Join Date: Mar 13, 2007 Status: offline	Voting without time limit Exclusive Vote 50 vote(s) Yes, Japan's eocnomy will recover after the earthquake. 12 vote(s) No,it is unlikely that Japan's economy will recover. See All Voter(s) Note: Guest voter(s) are not displayed here. The Japanese National Police Agency has officially confirmed 5321 deaths, 2383 injured, and 9329 people missing across seventeen prefectures due to the 9.0 magnitude earthquake. The earthquake has not only caused mass casualties but also affected Japan’s economy. "Goldman Sachs has produced an estimate of the total cost of damage to buildings, production facilities and so forth of some Y16,000bn ($198bn). That would be 1.6 times the destruction from the 1995 Hanshin earthquake, which devastated Kobe. Yet the Japanese stock market has lost $610bn since Friday, 12 per cent of GDP. The Organisation for Economic Co-operation and Development forecasts Japan’s gross government liabilities at 204 per cent of GDP at the end of 2011 and net liabilities at 120 per cent.” (The above quated from FT Chinese.com) I really doubt if Japan’s economy can survive the earthquake? What do you think?

Mar 17, 2011 03:31

KEVIN0518
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The Japanese National Police Agency has officially confirmed 5321 deaths, 2383 injured, and 9329 people missing across seventeen prefectures due to the 9.0 magnitude earthquake. The earthquake has not only caused mass casualties but also affected Japan’s economy.

"Goldman Sachs has produced an estimate of the total cost of damage to buildings, production facilities and so forth of some Y16,000bn ($198bn). That would be 1.6 times the destruction from the 1995 Hanshin earthquake, which devastated Kobe. Yet the Japanese stock market has lost $610bn since Friday, 12 per cent of GDP.

The Organisation for Economic Co-operation and Development forecasts Japan’s gross government liabilities at 204 per cent of GDP at the end of 2011 and net liabilities at 120 per cent.” (The above quated from FT Chinese.com)

I really doubt if Japan’s economy can survive the earthquake? What do you think?

Mar 19, 2011 02:14	#1
ROVER Points: Join Date: Jun 25, 2010 Status: Offline	The Tokyo's stocket market has turned better today. But I think it has a long time to go for Japan to recover from this terrible disaster.

Mar 22, 2011 02:50

BOLT
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I hope they can so much. The country has been through so much,I feel so sorry for them as its not all there fault.
The Nuclear issue makes such a massive tragedy even worse.
Any country is only as strong as its people I hope the Japanese no that other countries and other people really do pray for them.
Of course one would be foolish to not understand this will hurt the economy greatly,lets hope no more disasters make it even worse
( as if that should be possible ! )

Mar 23, 2011 04:29	#3
SUNNYDAY Points: Join Date: Jul 29, 2010 Status: Offline	I hope so, but I don't think it will develop as expected.

Mar 23, 2011 23:42	#4
BOBERT Points: Join Date: Jan 1, 2009 Status: Offline	Of course Japan will recover. They recovered from two nuclear bombs didn't they?

Mar 24, 2011 02:38	#5
MOMOCHONG1 Points: Join Date: May 1, 2006 Status: Offline	I do not like Japan,it is none of my business...haha..

Oct 27, 2011 12:11	#6
RALPHSWURLD Points: Join Date: Oct 27, 2011 Status: Offline	I voeted yes...Japan is still world class in restructuring buildings...

Oct 28, 2011 20:34	#7
GUEST56126	There is no question that Japan will recover. They are still recovering from their recession of the 1990's. It seems that they will be recovering for a long time to come.

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