Sunday, March 20, 2011

Dispelling Myths About Rebuilding Japan

Japan has been hit by a triple calamity that only a Hollywood disaster film director could imagine?a monster quake, killer tsunamis and serious nuclear disaster. From our standpoint on the ground in Tokyo, it is hard to be an objective observer given the ongoing Fukushima nuclear crisis, the daily earthquake aftershocks, the radiation levels, seeing the gas lines and empty shelves in neighborhood convenience stores and supermarkets. As we write this, the Fukushima nuclear reactor crisis is far from over. It is still touch-and-go on the Fukushima Daiichi plant No. 3 reactor.

One fact that has become increasingly clear since the Fukushima nuclear reactor explosions on March 15 is that the Tohoku disaster has caused more actual and psychological damage than the Hanshin/Kobe earthquake in 1995. By most accounts, Japan?s economy will take a short-term hit of 2%~4% of GDP. Even with government fiscal aid and Bank of Japan monetary


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Lindsay Price Zoe Saldana Rachel Perry Mary Elizabeth Winstead Piper Perabo

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