Shaken to the Core
This article examines the economic fallout of Japan's 2011 earthquake and tsunami, highlighting massive damages, global supply chain disruptions, and short-term economic declines. It discusses recovery prospects driven by reconstruction spending, challenges posed by Japan's fiscal constraints, and the need for structural reforms, including tax increases, to ensure long-term resilience.
This article examines the economic fallout of Japan's 2011 earthquake and tsunami, highlighting massive damages, global supply chain disruptions, and short-term economic declines. It discusses recovery prospects driven by reconstruction spending, challenges posed by Japan's fiscal constraints, and the need for structural reforms, including tax increases, to ensure long-term resilience.