Monday, 14 March 2011

Effect of the Economy

There is a lot of pessimism about the economy, but there may be a positive side to the disaster.

If the nuclear plant situation doesn't escalate, the sense of purpose and investment in re-building may have a positive effect in the slightly longer term. The contribution of the Tohoku area to GDP is only 1%. The major negative impact is from power cuts, but the Japanese are very good at matching consumption to supply.

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