13 Dec '11, 11am

Japan faces challenging recovery after March earthquake and tsunami: By Michiyo Ishida | Posted: 13 December 201...

Japan faces challenging recovery after March earthquake and tsunami: By Michiyo Ishida | Posted: 13 December 201...

TOKYO : It has been a difficult year for Japan with the economy hurt by the massive earthquake and tsunami in March. But it has shown strong resilience with economic activity now seen restored to pre-disaster levels. Still, the outlook is clouded with uncertainty amid worries over the impact from the Eurozone debt crisis and a yen that stayed persistently strong. The year 2011 began with the Bank of Japan revising up its assessment of the Japanese economy. However in March 11 the assessment was reversed with the big earthquake and tsunami striking northeast Japan. It disrupted the supply chain, not only for Japanese manufactures but also for other global players. Factories could not operate regular working hours due to power shortage caused by the crippled nuclear plants in Fukushima. And during the summer period, huge power consumers in Tohoku and the greater Tokyo area w...

Full article: http://www.channelnewsasia.com/stories/economicnews/view/...

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