(From my tweets @ramthink)
Economic melt-down may follow nuclear melt-down.
Immediate victims---tourism, civil aviation & sea food exports. Power shortages will bring down industrial production.
Fears of eating food articles from Japan. Loss of contracts & jobs in MENA (Middle East North Africa) compunded byTsunami after-effects.
Impact on India. Inward-looking Japan will be less interested in strategic co-operation with India.Cut in overseas Japanese aid.
Japanese investment flows will be hit. South Korea will be hit too. Will North Korea become more dangerous?
Reputation of Japanese nuclear technology will be hit.
Impact on Chinese Economy.Likely fall in investment flows. Business travel will be affected. (16-3-11)
(The tweeter is Additional Secretary (retd), Cabinet Secretariat, Govt. of India, New Delhi, and presently, Director, Institute For Topical Studies, Chennai, and Associate of the Chennai Centre For China Studies. E-mail: seventyone2@gmail.com )
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2 comments:
Clearly this thing is yet far from over. Whereas Japan is at the epicenter, the whole world will feel the effects. People have been reluctant to prognosticate thus far, and that much is understandable. Like spring follows winter, however, there will come a time when it becomes fashionable to kick the dog when it's down.
Hey b.
BOJ has expaned the QE program to 10T Yen to aid the recovery. However it needs to be signficantly bigger to have a meaningful impact.
Intrinsic Value
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