Japan’s Impact

The recent 9.0 magnitude earthquake and devastating tsunami in Japan is a shocking tragedy. The immediate impact of the earthquake and tsunami has been catastrophic. Transportation and production interruptions have caused an abrupt stop in supply chains. The constant uncertainty and damage to six nuclear plants has caused power outages all over the country. The northeast region, which was hit by the tsunami and earthquake, is home to ports, steel mills and auto and electronic manufacturers. Prior to earthquake, Japan was already experiencing a slowing economy so recent events will certainly have a negative impact for Japan in the near term.

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