This massive earth quake of 8.9 magnitude has produce a huge Tsunami that has devastated so much of Japans coastal towns and cities. You can easily imagine the impact of this destructive and catastrophic phenomenon. The financial experts and business analyst have already made some initial evaluations on what is going to happen financially and business wise as well as the economic impact of this.
From the nuclear reactor that was halted and or shut down immediately can cause a lot of damage if the explosion will become very harmful and deadly. This can lead to so many things that can change the economic and financial landscape in Asia and the Pacific region as a whole.
The oil industry for instance is slump down right away but with the middle east uncertain and the countries like Libya going into civil war and the other unrest that is developing in the middle east, the price of oil might still go up. But the initial reaction was that.. it tumbled down. Stock markets are very jittery and all were down after the events unfolded.
And if you look at the initial Japan Tsunami Videos that was release or was posted on social networks and news channels as well as blogs, you easily see that farms and fishing boats are destroyed. This can a long while before all of these can be clean up and return to their normal operational levels.
With this mind, it would take a whole lot of effort and rebuilding to get to par before the earth quake and the tsunami destroyed all these very productive enterprises and industry.
Needless to say, the financial and business impact of 8.9 Earth Quake and Tsunami may have long lasting effects both in Japan and the rest of the world in terms of Finance and Business.
Some Finance Related Links
Mortgage Refinancing Loan Rate
Side note: Please pray for the people of the affected families and to all the Japanese people who are now suffering from this disaster. And my sympathy and condolences to all the families and friends of the victims.
0 comments:
Post a Comment