Japan’s 2011 Earthquake and Tsunami: Economic Effects and Implications for the United States
The CRS report examines the economic impact of Japan's 2011 earthquake and tsunami, highlighting extensive physical damage, loss of life, and disruptions to global supply chains. It assesses Japan's economic contraction, with global GDP growth expected to drop by 0.5 percentage points, and explores the disaster's effects on U.S.-Japan relations, financial markets, and sectors like agriculture and manufacturing.
The CRS report examines the economic impact of Japan's 2011 earthquake and tsunami, highlighting extensive physical damage, loss of life, and disruptions to global supply chains. It assesses Japan's economic contraction, with global GDP growth expected to drop by 0.5 percentage points, and explores the disaster's effects on U.S.-Japan relations, financial markets, and sectors like agriculture and manufacturing.