Support the news

The Quake's Economic Impact, Japan And Beyond45:55
Download

Play
This article is more than 8 years old.

Japan’s economy stumbles in the wake of disaster. We look at the global impact.

A man reacts as he looks at a stock price board in a street Monday, March in Tokyo, Japan. (AP)
A man reacts as he looks at a stock price board in a street Monday, March in Tokyo, Japan. (AP)

Right behind the human tragedy and the desperate nuclear threat in Japan stand large questions about Japan’s economy and the world’s.

The standard expectation is that after a natural disaster come pain and setback, then rebuilding and new growth. With a little luck, this will be Japan’s path, too, but the earthquake’s blow has been heavy.

Ten Sony plants shut down. Five Toshiba. Forty-five percent of Toyota’s production, down. Energy grid, broken. Nuclear threat, real. And this is a huge chunk of the world economy.

This hour On Point: After the quake – Japan’s economy, and the world’s.
- Tom Ashbrook

Guests:

Ken Belson, correspondent for the New York Times.

Marcus Noland, senior fellow at the Peterson Institute for International Economics and an expert on Asian economics.

David Griffith, professor of global marketing and international business at Michigan State University. He's been conducting business research on Japan for over twenty years.

This program aired on March 16, 2011.

+Join the discussion
TwitterfacebookEmail

Support the news