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Japan is second to Zimbabwe in the world for national debt.
How will they maintain the value of the Yen if they have to prop up the market and pay for all of the reconstruction?
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They have their own currency so they can print as much of it is needed. Inflation has hardly been a problem for Japan. A less valuable Yen is a boost to exports, on which Japan has been relying, and is now dependent, for GDP growth.
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The Japanese will find a way. Probably at a cost, but they are one of the greatest nations in the world.
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One of the greatest but getting smaller and older by the minute. Japan will get over this disaster, but they have bigger (though less visible) things to worry about in the long run.
Back to the earthquake, I initially dismissed it as not having much of an impact, but I couldn't have been more wrong about it. The consequences have been dramatic. Yet the Japanese are among the better prepared nations when it comes to earthquakes. We can only imagine what this would have meant for other, less developed and worse prepared countries.