Japan’s earth quake and tsunami’s after effects brings catastrophe sheer catastrophe! This natural disaster threatens to significantly hinder the nation’s economic recovery, perhaps spreading to other nations globally. The lives destroyed t by the earth quake and tsunami may be in the north east of Japan, but the economic effects expand worldwide. Recently Japan’s stock market took the worst fall since 2008. Global businesses such as Toyota have been forced to stop progress of the portions of its outputs.
The nuclear plants are weakening Japans energy supply, and power outages are making the manufacturers suffer. As the global economies still struggle to emerge from the recession , sectors that have been suffering most are the business sector that were booming. The full impact of this catastrophe cannot be assessed globally. In other words, this calamity and natural disaster has weakened Japan. The rebuilding process may be fast, as Japan struggle day by day but the country has massive economy crisis.
The biggest problem facing for future economic recovery is the manufacturing businesses to face intense upheavals in exporting businesses. The nuclear threat is making the indigenous people run away let alone the foreign investors. This global financial turmoil put forth by Japans earth quake , tsunami and nuclear crisis has wiped out 300 billion in the U.S stocks during this week. This turmoil is affecting U.S businesses , investors and consumers with threatening disruptions in the swift flow of booming economy.
But Japan stays calm, Japanese people are stronger than the waves of tsunami to overwhelm this tragedy with patience and persistence.