Tsunami Japan good for the economy of Japan.

[Diglytron]

Will this hurt the economic of the asiatic country's??

[removeduser_487563287433]

Ja.

[Okuto]

very much so, it will take time for everything to rebuild but I'm happy my fam there are ok

[Count of Montesano]

I know reports are still trickling in, but hasn't this tsunami hit mostly rural areas and smaller coastal cities? The damage will certainly be expensive in terms of rebuilding, but I don't think we're facing a situation like the 2004 tsunami where 200,000 + people died. I honestly think at this point Japan is facing a less serious situation than the US did after Katrina.

[removeduser_487563287433]

Don't know where you got that idea. This is a gigantic earthquake even by Japanese standards, and the area most affected, despite being remote, is heavily populated and worse - low lying farmland. Sendai, the city most affected, has a population of a million. The entire coastline will be affected by the tsunami, with many fires breaking out and buildings damaged. Several ships with passenger rosters in the hundreds are missing with the coast guard currently very bravely seeking them out.

It's bad to be pessimistic about casualty rates on the day of a natural disaster, but I think your post borders on blasé.

[Count of Montesano]

Don't know where you got that idea. This is a gigantic earthquake even by Japanese standards, and the area most affected, despite being remote, is heavily populated and worse - low lying farmland. Sendai, the city most affected, has a population of a million. The entire coastline will be affected by the tsunami, with many fires breaking out and buildings damaged. Several ships with passenger rosters in the hundreds are missing with the coast guard currently very bravely seeking them out.

It's bad to be pessimistic about casualty rates on the day of a natural disaster, but I think your post borders on blasé.

Sorry that was not my intention. I was not trying to underplay the deaths and suffering of those affected. I only wanted to point out that this disaster is not going to crash Japan's economy, which is what the OP was asking about.

Relatively poor countries like Sri Lanka and Indonesia have recovered after one of the worst tsunamis in history. The US suffering the destruction of one of its major cities recovered quickly (the recession didn't hit for another 3 years). Casualty rates are indeed mounting since I read initial reports of about 200 dead. But you also need to keep in mind that the epicenter didn't directly strike a major city like Tokyo or Osaka. The earthquake in the 20s leveled Tokyo and killed a large percentage of the population.

As Heinz pointed out, World War II bombings killed millions and destroyed most major cities. The Japanese are incredibly resilient - they will come out of this.

[HansDuet]

Of course they'll recover.

[Vizsla]

I’m undecided.
The answer is either:
Ja wohl
Or:
How can we know after the event whether a country has recovered to the point it would have been at without a natural disaster occurring in the first place? Maybe, economically or otherwise, they will always be at a slightly lower level than they would have been without said disastrous event? Given the huge number of deaths, destruction of property, assorted unhappiness etc...
In retrospect, how can we know? If we had another almost identical universe in which the same disaster did not happen we could contrast and compare. But how would we know that what happened there from time X onwards would have happened here given that the two universes diverged at time X?
In summary your question cannot be answered given our current level of understanding of probability.

[Heinz Guderian]

The Americans dropped explosive nuclear devices over their civillian populations and they still recovered. They'll recover again.

[Irelia]

Japan is a country of Godzilla. After a year, there will be no evidence of this earthquake

[CiviC]

It is estimated the reconstruction will cost 160 bn $, around 2-3% of Japan's GDP.

[Exarch]

natural disasters hit the economy but there's usually a boom period afterwards-but considering japan's finances, i dunno.

[hellheaven1987]

natural disasters hit the economy but there's usually a boom period afterwards-but considering japan's finances, i dunno.

It may actually boom up their economy...

[Pious Agnost]

It may actually boom up their economy...

Funnily enough, this was the first quarter in which they had projected growth for a very long time.

WAS.

[Tiberios]

Will this hurt the economic of the asiatic country's??

You are hoping for a revolution or something?


Will surely Japan's economy will be affected.

[Koelkastmagneet]

What you have to remember is that Japan's economy is in a rather state right now. (public debt, aging population etc.)

[hellheaven1987]

What you have to remember is that Japan's economy is in a rather state right now. (public debt, aging population etc.)

US economy was bad during Great Depression, but WWII brought the economy back to line.

[Koelkastmagneet]

US economy was bad during Great Depression, but WWII brought the economy back to line.

The great depression was a momentary downturn, just a couple of years of negative growth, that was it.

The aging population and ridiculous public debt (225.8% of GDP as of 2010) are long term problems. Japan has no prospect of the rather massive economic growth the US enjoyed in the 1940's and 1950's.

Restructuring of the debt might be necessary for Japan.

[Angrychris]

i hope american aid will increase exporting. its a shame at what cost though.

[Big War Bird]

Anytime property is uselessly and wantonly destroyed - that's a chance for stimulus.