Restoring Japan: An early macro assessment

April 2011. The Tohoku region of north-eastern Japan was hit by a 9.0 magnitude earthquake on 11 March. The earthquake, which was the largest ever to hit Japan and the fourth greatest ever on record, sparked a tsunami that rose more than 15 meters in places and caused widespread devastation as it hit the coast and spread up to 12km inland across the east coast of Japan’s main island, Honshu. In this paper, Yoshito Sakakibara, an economist in our investment research team in Tokyo, presents an initial macro assessment of the Tohoku earthquake and indicates the important signals for investors to look out for on Japan’s path to recovery. Based on this assessment, Yoshito also considers appropriate investment strategies going forward. (Leer más)

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