Japanese Tsunami Case Study

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QUESTION 5 : ANALYSE IN DETAIL HOW TSUNAMI GAVE GREAT IMPACT TO JAPANESE CORPORATION WORLD WIDE.
Japan had been labelled as developed country and has the world's third-largest economy and the world's fourth-largest economy buying power. However, this developed country had faced numerous number of catastrophic event mainly tsunami. Tsunami is derived from the word ‘Tsu’ means harbor and ‘nami’ means wave. It was first known in 1897. Tsunami is a great sea wave produced cause by the submarine earth movement or volcanic eruption (NEAMTIC-North-Eastern Atlantic and Mediterranean Tsunami Information Centre). This terrifying event had taken away the lives of almost 200,000 innocent citizens around the world. On 10 February 2014, in Japan, it is …show more content…

Part aggravation is that they have to cope with disasters repeatedly for more than 3 times. They disaster called "Triple Disaster" by Japan. The first is the catastrophic earthquake which claimed about $ 100 to $ 235000000000. The World Bank estimates that Japan will recover for 5 years. The earthquake hit northeastern Japan took over 6 to 8 percent of the world's third largest economy.
The full extent of the economic impact of the Friday’s earthquake and tsunami became clear, with hundreds of factories were closed across Japan, warning blackouts and forecasts of economists that the disaster that would push the country into recession. Bank of Japan is preparing to pump billions of yen into the economy when he announced emergency "Budget earthquake" on Monday to prevent disasters derail the country's fragile economic recovery.
Toyota and Nissan said they had to stop production at all factories of 20 of them. Toyota, the world's largest car manufacturer, transferred workers from two factories in the area worst affected and not able to get to the site to inspect the damage. Plants make up to 420,000 small cars per year, mostly for export. Two of the three Honda’s factories remain …show more content…

The central bank is expected to flood the market with more cash than usual, partly to stop the yen from rising too much. Japanese firms and investors raced to repatriate their assets, selling dollars and other foreign currencies, to provide for the cost of rebuilding their domestic economies, which will raise the value of the yen. It is feared will make exports more expensive and broke, it hopes to export

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