Worst Tsunami Crisis

This item was filled under [ Economy ]

After the earthquake and tsunami that struck Japan on Friday (03/11/2011) The Government of Japan said his country has hit its worst crisis since the Second World War.

“The earthquake has a significant impact on economic activity in our country,” said Chief of Staff of Japan Yukio Edano.

But economists also said that if it is too early to judge how to force the cost of losses from earthquakes of magnitude 8.9.

The earthquake and tsunami, problems of transport and infrastructure, the impact of one of them is the closure of major port city, although the Narita Airport in Tokyo has reopened. However, the traffic problems in the northeast such as railways and roads, even paralysis.

In addition, many companies in Japan, to stop working temporarily. Car manufacturers Toyota, Honda and Nissan, for example, said a temporary halt operations until today, Monday (03/14/2011).

Sony Corp., which also have one of the largest companies in the world to stop and reflect, in production at six plants due to exposure to the earthquake. In addition, Mitsubishi and Suzuki also said the same thing, namely to suspend production until today.

In the meantime, the outlook is being done directly to the industry of Japan Atomic Energy context, a major concern after a radioactive leak or explosion, which took place on Saturday at the factory, the No. Fukusima occurred are located 250 miles north to 160 miles of Tokyo.

Japan’s own nuclear industry provides about a third of the electricity demand in Japan. Consequently, electricity supply will certainly be reduced and the possibility of failure and possibly millions of people live without electricity.

The Japanese Prime Minister Naoto Kan said that the recently passed to prevent a national ban on the temporary interruption of power supply. Asked his sense of community.

“The situation is very serious supply for what on Friday. It is a difficult decision that I made, and this of course some people uncomfortable,” said Naoto.

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