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Natural disaster in Japan: implications for world financial markets

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  • Ansgar Belke

Abstract

This contribution focuses on the consequences of the natural disaster in Japan for the world financial markets as seen around half a year after the nuclear accident happened. It, thus, focuses on expectations about what would happen in macroeconomics terms later on. For this purpose, it examines how deep the slump in growth was, to what extent Japanese suppliers are integrated into international production chains, and how much the world economy would, thus, be affected. Moreover, it assesses what the economic implications of a forced withdrawal from nuclear energy as a reaction to the disaster would have been. Finally, it elaborates on the consequences of the natural disaster in Japan for the world financial markets and for the development of national debt. Copyright Springer-Verlag Berlin Heidelberg 2013

Suggested Citation

  • Ansgar Belke, 2013. "Natural disaster in Japan: implications for world financial markets," Asia Europe Journal, Springer, vol. 11(4), pages 433-444, December.
    • Handle: RePEc:kap:asiaeu:v:11:y:2013:i:4:p:433-444
    DOI: 10.1007/s10308-013-0362-6
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    Cited by:

    1. Belke, Ansgar & Kronen, Dominik, 2017. "Exchange rate bands of inaction and hysteresis in EU exports to the global economy: The role of uncertainty," Ruhr Economic Papers 695, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    2. Najam, Najam Ul Sabeeh & Mehmood, Arshad Mehmood, 2019. "The economic cost of terrorism and natural disasters: A deeper analysis of the financial market markets of Pakistan," MPRA Paper 92278, University Library of Munich, Germany.

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