Japan’s Recent Earthquake and Tsunami Devastates the People and the Economy


The earthquake and tsunami that recently struck Japan has caused substantial damage to its economy. This natural disaster has caused a huge sell off Asian stocks. With such a large crash in the stock market, The Bank of Japan has placed 183.8 billion into its economy in order to maintain liquidity, and this amount still hasn’t stopped the decline of the Japanese stock market. Along with the stock market fall, billions of dollars are also being spent to aid the vast search/rescue mission of providing water, shelter, and food to survivors. The Tokyo Electric Power Company has blacked out certain regions of Japan to conserve power, which has inhibited the use of subways and railways making it difficult for commuters to get to work. Many homes and businesses have been destroyed and it is going to take a lot of time and money to restore the damaged area.

Michael N. 

Sources: Ny Times | The Street

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