On Friday, March 11, 2011 at 14:46, 9.2 earthquake struck off the coast of Japan. This leads to a chain reaction of events leading to the tsunami, and nuclear catastrophe as one of Japan's power plant leaked radiation. What are the effects of these three global catastrophe?
1 higher energy prices
Energy prices are soaring because of fear that the current turmoil in the Middle East affects the global supply of oil. Disaster cells Fukusima power highlights the need for Japan to import now traditional energy sources to replace any energy produced by its nuclear plants, which will add to more demand for natural gas and oil.
2 infrastructure reconstruction projects
Both the earthquake and tsunami heavily damaged a large part of Japan's infrastructure. Obviously, the reconstruction phase would mean that the Government with high debt problem, have to invest in the reconstruction of areas affected by this triple disaster. This could become a liability of the business sector, which dominated the Japanese economy.
3 Banking and Insurance Losses
Do insurance companies pay out billions of dollars of claims due to earthquakes and tsunamis, it remains to be seen, but "man-made nuclear plant could become their responsibility. Japan global banking and insurance industries may be forced to reinvest at home, wasting any global investments across nations.
4 The change of government?
before the three disasters, ordinary Japanese have lost confidence in yet another scandal hit the Government. How the government response to the three disasters and subsequent reconstruction process, could change the public perception of their leaders, but in the long term, we could see more changes in the top echelon of the Japanese government.
5 perception of the environment
After a nuclear disaster Fukusima, many people questioned the wisdom of building nuclear plants in earthquake zones. Depending on the levels of radiation, and the surface soil, the world's reaction to the use of nuclear energy may result in termination Obama nuclear energy program in the U.S., France and even the ambitious energy program.
6 financial markets
Japan remains the worlds third largest economy, as well as the United States, one of its largest debtor. The value of the yen could fall as the bank to spend on reconstruction projects, while the Government may be forced to raise taxes to pay for them. Some large Japanese corporations May to cancel or put on hold in overseas projects, re-invest these funds in the reconstruction of areas affected by the earthquake.
7 Asia-Pacific growth
China's currency and economy in this area, but Japan is the second player in economic terms. Japanese companies invest a lot in Southeast Asia and North, while governments often sponsor educational and training programs in the region. Japan's contribution to the field, could be reduced, leading to some fears of reduced growth.
natural disasters of earthquake and tsunami, have led to man-made nuclear catastrophe, and destruction of high-tech people .. The Japanese are flexible, inventive and hardworking people, and to overcome obstacles to reconstruction. However, it has no short-term impact on the global economy, and long-term impact on the future of nuclear energy.
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