Tag: Japan Yen

Risk of Failing Japan Economy with recent Earthquake, Tsunami and Nuclear meltdown | Economic Review | Japan

It reminds me of the calamitous 1995 Kobe earthquake. The Kobe quake killed 6,500 people and caused 10,000 billion yen of damage – about 2.5 percent of Japan’s gross domestic product. Over the subsequent six months the country’s stock market plunged 25 percent, even as big global markets moved higher. Yet there are big differences between conditions now and 16…