Japan's economy ? like much of the world ? was already facing serious challenges before the earthquake struck. Economist Robert Madsen, a senior fellow at MIT's Center for International Studies, discusses the effects of the disaster in Japan on the economy there and around the globe.
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Full story at http://www.npr.org/2011/03/13/134516028/Japan-Disaster-May-Have-Global-Economic-Impact?ft=1&f=1006
1 comment:
BOJ has expaned the QE program to 10T Yen to aid the recovery. However it needs to be signficantly bigger to have a meaningful impact.
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