Another recession because of Japan,
March 14, 2011 10:46am CST
Hi Friends, Japan scrambled to avert a meltdown at a stricken nuclear plant on Monday after a hydrogen explosion at one reactor and exposure of fuel rods at another, just days after a devastating earthquake and tsunami that killed at least 10,000 people. Roads and rail, power and ports have been crippled across much of Japan's northeast and estimates of the cost of the multiple disasters have come to as much as $170 billion. Japanese stocks closed down more than 7.5 percent, wiping $287 billion off market capitalization in the biggest fall since the height of the global financial crisis in 2008. Analysts said the economy could even tip back into recession. We are yet to recover completely from recession and japan story is adding another crisis. What do you think?
15 Mar 11
It will be very early to say anything that How would this natural disaster affect the economy of Japan and world.But yes there will be a big fall in all stock markets in the world as stock market of Japan is second largest in the world.Today prices of various commodities,base metals and also crude oil are falling down.If nuclear radiation increases above danger level then situation will become worst.LET'S PRAY FOR JAPAN