In Tokyo, a global financial hub, the city has
persisting blackouts because of the destruction of the Fukushima nuclear power
plant. Factories, farms, roads, railways and electricity lines were destroyed,
while almost half a million people having been displaced and made homeless.
Despite the damage, many people hope that rebuilding might help the Japanese
economy, while Japan’s government says the total cost of the damage could reach
$309 billion. If this estimate is accurate, it would make the earthquake and
tsunami one of the expensive natural disasters in history.
According to financial analysts at Mizuho Financial Global, the cost of the tsunami includes the destruction to businesses, infrastructure and housing and says the coming months will be tough for the country. It may well be that the reconstruction needed in the short term that the country will perhaps suffer up to three quarters of negative growth. But in the long term they believe this will be good for the Japanese economy and a stimulus that would push up growth for the coming two or three years.
The tsunami is affecting every aspect of economic life and the United States and several other countries have banned certain Japanese products because of worries about likely contamination from the nuclear plant. Japanese companies are worried that there could be far wider consequences for their businesses, especially for Tokyo’s largest fish and vegetable markets in the world. Every day tens of thousands of tons of produce from Japan are traded in vast warehouses.
Although Japan’s bullet trains are running again from Tokyo to the tsunami-hit Tohoku region and freeways heading north are opening up, many international companies have moved their staff out of Tokyo, dreading a calamity at the Fukushima nuclear plant, with meetings, seminars, and events being cancelled. Tourist numbers have also plunged. Analysts at Mizuho Financial Global say that growth remains weak as Japan’s economy only recently emerged from recession. However, with a projected total of 25,000 people dead or missing, it could take months, if not years, before the full extent of the damage to Japan’s economy is really known.
About Mizuho Financial Global:
Mizuho Financial Global is an independent, full-service brokerage, wealth management and business management concern dedicated to providing pioneering capital appreciation and wealth preservation solutions to affluent individuals and families and businesses.
Without exception, they place the welfare of their clients first and foremost and they take great pride in knowing that they are the first port of call for their investment and financial affairs. They constantly exceed our clients’ expectations by going the extra mile to deliver the service and, most importantly, the returns on investment their patronage demands.
Contact:
Address: SHINAGAWA CRYSTAL SQUARE BLDG. Suite No. 901,
1-6-41, Kounan, Minato-ku,
Tokyo, 108-0075
JAPAN
According to financial analysts at Mizuho Financial Global, the cost of the tsunami includes the destruction to businesses, infrastructure and housing and says the coming months will be tough for the country. It may well be that the reconstruction needed in the short term that the country will perhaps suffer up to three quarters of negative growth. But in the long term they believe this will be good for the Japanese economy and a stimulus that would push up growth for the coming two or three years.
The tsunami is affecting every aspect of economic life and the United States and several other countries have banned certain Japanese products because of worries about likely contamination from the nuclear plant. Japanese companies are worried that there could be far wider consequences for their businesses, especially for Tokyo’s largest fish and vegetable markets in the world. Every day tens of thousands of tons of produce from Japan are traded in vast warehouses.
Although Japan’s bullet trains are running again from Tokyo to the tsunami-hit Tohoku region and freeways heading north are opening up, many international companies have moved their staff out of Tokyo, dreading a calamity at the Fukushima nuclear plant, with meetings, seminars, and events being cancelled. Tourist numbers have also plunged. Analysts at Mizuho Financial Global say that growth remains weak as Japan’s economy only recently emerged from recession. However, with a projected total of 25,000 people dead or missing, it could take months, if not years, before the full extent of the damage to Japan’s economy is really known.
About Mizuho Financial Global:
Mizuho Financial Global is an independent, full-service brokerage, wealth management and business management concern dedicated to providing pioneering capital appreciation and wealth preservation solutions to affluent individuals and families and businesses.
Without exception, they place the welfare of their clients first and foremost and they take great pride in knowing that they are the first port of call for their investment and financial affairs. They constantly exceed our clients’ expectations by going the extra mile to deliver the service and, most importantly, the returns on investment their patronage demands.
Contact:
Address: SHINAGAWA CRYSTAL SQUARE BLDG. Suite No. 901,
1-6-41, Kounan, Minato-ku,
Tokyo, 108-0075
JAPAN
Telephone:
+81-3-5782-8708
Facsimile: +81-3-5782-8707
http://www.mizuhoglobal.com
info@mizuhoglobal.com
Facsimile: +81-3-5782-8707
http://www.mizuhoglobal.com
info@mizuhoglobal.com
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