>> The triple blow of an earthquake, tsunami and nuclear accident is set to damage the
>> world's third largest economy possibly more deeply and for longer than initially expected, analysts have
>> said. Following the 1995 Kobe earthquake, Japan's economy shrank by 2%, followed by a V-shaped
>> recovery. But if the power supply is affected nationwide for a long period , it
>> could lead to a sharp contraction of production.
I think it wont be as bad as predicted. They have lost three reactors for sure (they will never be on line again) but the rest are ok. Japan is an authoritarian regime, they will get the others back on line asap despite the risk. Little other major manufacturing has been affected.
I read somewhere that the stock market Bulls are in the ascendency, with returns elsewhere being so poor that they are prepared to embrace and use risk.
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