| Tragic quake may add to inflation pressures |
Reuters, 12/03/2011 (traduire en Français )
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The full economic impact of the sixth most powerful earthquake ever recorded is not yet known. Many hundreds of lives have been reported lost in Japan. Aftershocks are a danger and other nations fear a tsunami running across the Pacific will spread the damage more widely. Though uncertainty is rife, the earthquake is more likely to add to global growth and attendant inflationary pressures than subtract from them. It also raises concerns about Japan’s long-running fiscal dangers.
| Japan Faces ‘Another Leg Down’ in Fiscal Health as Earthquake Toll Mounts |
Bloomberg, Christopher Anstey, 12/03/2011 (traduire en Français )
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The cost of rebuilding from Japan’s strongest earthquake on record will worsen the country’s challenge of reining in the world’s biggest public debt even as damage to the economy may be limited, analysts said.
Factory shutdowns, power cuts and the damage to consumer confidence may hurt Japan’s GDP for a period of months, while later contributing to growth as rebuilding occurs, economists said. Paying for the rebuilding risks hurting demand for Japanese government bonds, said Alicia Ogawa.
For its part, the Bank of Japan pledged to ensure financial stability, setting up an emergency task force and saying it will do everything to provide liquidity. Meantime, the Ministry of Finance may be prompted to intervene in the foreign exchange market should the nation’s currency climb and risk worsening deflationary pressures and undermining export competitiveness, analysts said.
The earthquake hit at a point when the economy was pulling out of a contraction in the fourth quarter.
Bon et sinon, je pense que vous avez dû voir ça à la télévision comme tout le monde. Inutile d'en retartiner une couche. Mais il y aurait 10 000 disparus dans une ville de 15 000 habitants, et une centrale nucléaire qui a explosé (mais visiblement, ils ont l'air de dire qu'il n'y a pas de Tchernobyl en vue, contrairement à ce que laisse entendre le post de ZH).

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