Japan’s economy falters
The 2011 Sendai earthquake and tsunami is going to have more consecuences than we can imagine. One is about economics in one of the global powers of our time. We hope that the Japanese discipline and courage will save the country, but it will affect, anyway, the finances of our planetary markets and a deep reflection over the nuclear energy. Numbers at Nikkei 225 went down in Tokyo 5 percent, closing with a fall of 6.18 percent about. The explanaition is that the main Japanese companies stopped their production after the natural tragedy, not only those of the region that was affected by the earthquake and tsunami, but in the whole country due to the national power outage. Reports say, for example, that Nissan’s shares fall 9.5 percent after it had to close all its factories, while Toshiba’s fall was of 16%. The Japanese currency, Yen, experienced also a fall and the oil barrel fall less than 99 US dollars in the Asian markets as a consequence of the reduction in the use of oil in Japan. How this crisis will affect the economies of developing countries like Cambodia where Japan has also its investments? Let’s hope that the Asian giant will overcome its tragedy, one that belongs also to all humanity.