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Disaster takes toll on Japan’s economy
By Mure Dickie in Shimokita, Aomori Prefecture



Japan’s devastating earthquake and tsunami pushed the economy much further into recession than expected, raising doubts about the prospects for the world’s third-largest economy.

According to preliminary data released on Thursday, gross domestic product fell 0.9 per cent in the first quarter of this year compared with the previous three months. That was nearly twice the decline forecast by economists.

Kaoru Yosano, minister for economics and fiscal policy, said that the March 11 disaster had been the main reason for the fall in output, and insisted that growth would soon return. “The Japanese economy has a great deal of resiliency,” Mr Yosano said.

However, the extent of the first-quarter fall – equivalent to a 3.7 per cent decline on an annualised basis – underscores the scale of the disruption caused by the natural disaster and resulting nuclear crisis at the Fukushima Daiichi power plant.

Japan’s economy has now contracted for two quarters in a row, meeting the most widely used definition of a recession.

Government statisticians now say that output fell 0.8 per cent quarter-on-quarter in the last three months of 2010, a much sharper decline than the 0.3 per cent initially estimated. Preliminary estimates of Japanese GDP growth are often dramatically revised as more accurate data becomes available.

Frederic Neumann, economist at HSBC Global Research, said the fourth quarter revision suggested that even before the March 11 disaster, the economy’s underlying momentum “wasn’t as robust as widely thought”.

“The ground is slipping,” Mr Neumann wrote in a report.

However, Japan has seen some signs of recovery. The Reuters Tankan survey – a monthly measure of business sentiment modelled on the Bank of Japan’s own Tankan report – this week showed that the mood among manufacturers was improving.




那个形式似乎缺点比较多 回到原来形式
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日本作为第三大经济体，其在海外有很多的工厂和公司，本土的产业也多为技术型，虽然灾难打击很大，不过重建进程开展的话恢复速度应该是很快的。
9.9

(11)-----(11)
       日本是百足之虫，死而不僵。经过这次9.0级地震，对经济的影响也是全方面的！可能就像美国911时间以后的多年里都无法愈合伤痛一样，日本人民也需要时间来冲淡这次灾难带来的苦难！
还是比较喜欢这种互动学习方式，前一种可能会带来更多的好文章，但是看得多，嚼不烂。

11,11

There's a strange phenomenon that after Japan was defeated in world war 2, it still grew fast. In such a peace environment, it fails to get  number 2 position in GDP in the world. And it suffers the earthquake and tsunami, further weakening its economy.

1,1
Before devastating earthquake and tsunami occurred, Japan was  trying to get out of recession. But now, Japan's pillar industry was damaged,which pull down Japan's economy growth.

11,11  还是这样好

学到新的词组：take toll of (on) 指夺取 使...遭受死亡。
5月20日新闻：日本央行称地震对经济影响极不明朗，经济仍有重大下行压力。
日本央行维持对经济评估不变,并由于311大地震及海啸影响生产,令当地经济面对重大的下行压力,而地震对经济的影响程度仍然极不明朗。
央行又指,由于私人企业及家庭气氛均转差,本土的私人需求仍然疲弱,预料经济面对下行风险会维持一段时间,下半年料会重返温和复苏轨道,但当局仍有需要留意地震对经济的影响,并注视欧债危机及美国财赤问题等。

Follow 11 11
No matter what kind of forms is a innovation. Keep on~
"The Chrysanthemum and the Sword" had ever told us that Japanese is a nation with great personalities.
After the War II they could rebuilt their nation in 30 years. In those islands they could create so much spiritual wealth. Maybe  we two countries were not so friendly. We have to acknowledge that Japan and her people create miracles again and again.

Frederic Neumann, economist at HSBC Global Research, said the fourth quarter revision suggested that even before the March 11 disaster, the economy’s underlying momentum “wasn’t as robust as widely thought
7次了.,呵呵

11,11
it's a pity for Japan to suffer so huge losses.once I am antagonistic to Japanese.,I failed the view when where earthquake and tsunami broke.