Japan Quake Has Limited Impact on Asia
Monday, March 21, 2011
The recent earthquake that hit Japan is estimated to have a limited impact on financial markets neighboring Asian countries, the report showed Monday.
According to the report of Standard Chartered, rapid response to stabilize Japan's financial system after the earthquake March 11 and a relatively small investment in Asia will help other neighboring countries to reduce the impact of the likely impact of natural disasters.
Loans from Japan's banks are unlikely to be bothered either, the report said.
Step by Bank of Japan to inject large amounts of liquidity after the earthquake to help shore up the nation crippled financial system and keep the money channel is open for other Asian countries like Thailand, Malaysia and South Korea, he said.
But each country may feel the impact of natural disasters that differ from the third largest in the world economy.
Philippines may face a decline in semiconductor exports to Japan due to weak demand from countries faced with tougher economic conditions after the quake, the report showed.
Indonesia, meanwhile, can enjoy more profits by exporting raw materials needed to rebuild the affected country, he added.
Monday, March 21, 2011
The recent earthquake that hit Japan is estimated to have a limited impact on financial markets neighboring Asian countries, the report showed Monday.
According to the report of Standard Chartered, rapid response to stabilize Japan's financial system after the earthquake March 11 and a relatively small investment in Asia will help other neighboring countries to reduce the impact of the likely impact of natural disasters.
Loans from Japan's banks are unlikely to be bothered either, the report said.
Step by Bank of Japan to inject large amounts of liquidity after the earthquake to help shore up the nation crippled financial system and keep the money channel is open for other Asian countries like Thailand, Malaysia and South Korea, he said.
But each country may feel the impact of natural disasters that differ from the third largest in the world economy.
Philippines may face a decline in semiconductor exports to Japan due to weak demand from countries faced with tougher economic conditions after the quake, the report showed.
Indonesia, meanwhile, can enjoy more profits by exporting raw materials needed to rebuild the affected country, he added.
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