Impact of disaster threatens fragile world economy
Published 14/03/2011 | 05:00
Amid the scale of the human catastrophe, any consideration of the economic consequences of the Japanese earthquake might seem faintly distasteful, if not even perverse.
Yet any disaster on this scale also has the capacity for extreme long-term economic damage and Japan is going to require careful management over the months ahead.
The immediate impact will almost certainly be to push Japan back into technical recession.