How Japan will battle the economic shock
WASHINGTON— Globe and Mail Blog
These are difficult days for market economists. Like the rest of us, they stare in awe at the video of a raging river where none should be, consuming Japanese coastal communities and sweeping over the countryside. They know the death toll will climb into the thousands.
But they can’t really get into that. They have to assess how the earthquake and tsunami will affect the Japanese economy, the yen and global financial markets.