Abstract:SummaryThe March 11, 2011, earthquake and tsunami that occurred in Japan followed by the nuclear crisis are having a large negative impact on the economy of Japan but a lesser effect on world trade and financial markets. Japan has lost considerable physical and human capital. Physical damage has been estimated to be from $195 billion to as much as $305 billion. (Greece's GDP is $330 billion.) In excess of 27,000 persons in Japan are killed or missing, and more than 202,000 homes and other buildings have been t… Show more
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