Japan Earthquake

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pla101prc

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i am interested in the economic implications of this fiasco.

first of all japan's nuclear programs will obviously take a huge hit, meaning price of commodities such as coal and oil will rise.
then there is the concern of power shortage, i dont think i need to explain that.
and then there is capital flight, investments might be taken elsewhere, some people already pointed out that the rising Yen is an indication of this.
if north eastern Japan is no longer suitable for living, or that nobody wants to live there for the next several years, then real estate price in Kwanxi will rise now that you have an extra 400000people wanting to buy houses.

there are prolly more than just these but i am typing on 60%energy right now so not really thinking properly
 
D

delft

Brigadier
pla101prc said:
i am interested in the economic implications of this fiasco.

first of all japan's nuclear programs will obviously take a huge hit, meaning price of commodities such as coal and oil will rise.
then there is the concern of power shortage, i dont think i need to explain that.
and then there is capital flight, investments might be taken elsewhere, some people already pointed out that the rising Yen is an indication of this.
if north eastern Japan is no longer suitable for living, or that nobody wants to live there for the next several years, then real estate price in Kwanxi will rise now that you have an extra 400000people wanting to buy houses.

there are prolly more than just these but i am typing on 60%energy right now so not really thinking properly
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The matter is, as usual, somewhat more complicated. Many Japanese companies are repatriating money to pay for repairs in their operations in Japan. This is said to cause the rise in the value of the Yen. This is the reverse of capital flight. A lot of money will have to be spend also by the Japanese government on repairing infrastructure. This will increase economic activity.
There is a concern that Japan might sell US Treasury Notes to pay for this. This would drive up interest rates in the US. This is the background of the G7 help to Japan today.
Few of the 400000 people looking for houses will be able to buy.
Some international aspects are considered in the article from The Daily Telegraph I linked to in #99.
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tch1972

Junior Member
pugachev_diver said:
You won't believe the amount of hatred Chinese people have towards the Japanese.
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Just went to Pak defence forum and see some chinese extreme nationalists rejoicing over recent events in Japan but I believe those people are the minority. Recent survey shows 90% of Chinese are in favour of helping Japan.

My wife was crying when she saw footages of the earthquake yesterday. We really hope to do something for the Japanese people at this moment but the best we can do now is to donate money to the red cross.
 
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delft

Brigadier
I found this comment column from the Financial Times:
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A huge amount of money will created from hot air. What will this do for the stability of the world financial system?
 
A

airsuperiority

Captain
tch1972 said:
Just went to Pak defence forum and see some chinese extreme nationalists rejoicing over recent events in Japan but I believe those people are the minority. Recent survey shows 90% of Chinese are in favour of helping Japan.

My wife was crying when she saw footages of the earthquake yesterday. We really hope to do something for the Japanese people at this moment but the best we can do now is to donate money to the red cross.
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[video=youtube;oilh8jzITuQ]http://www.youtube.com/watch?v=oilh8jzITuQ[/video]

Something I've made for the Japanese people and for cheering them on and to support ongoing donations
 
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SampanViking

SampanViking

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I think there is a story that is being ignored by the media in this tragedy and it is a very optimistic one.

While all the attention has been put on the failure of the old HWR at Fukushima, no mention is being made of the other, newer, Nuclear Power Stations in the disaster area which appear to have survived intact or at least closed down safely.

If these plants can survive this kind of disaster, I think they could survive pretty much anything. So in that sense, just as there is a story of nuclear disaster there is also a story of nuclear success and long term, I think the success will matter more than the disaster.
 
D

Dolcevita

Major
Charitable Donation for Japan Earthquake

The best site to make tax-deductible charitable donation for Japan Earthquake victims I have found is as below. The money goes directly to the Japanese Red Cross Society.

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bd popeye

bd popeye

The Last Jedi
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FarkTypeSoldier said:
Anyone knows have those relief equipment and aid reaches the affected areas?
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I know that the USN & JSDF has been for several days delivering supplies to the affected areas.

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WAKUYA, Japan (March 15, 2011) Naval Air Crewman 2nd Class Zack DelCorte, assigned to the Black Knights of Helicopter Anti-Submarine Squadron (HS) 4 embarked aboard the aircraft carrier USS Ronald Reagan (CVN 76), hands bottled water to a Japanese citizen. Ships and aircraft from the Ronald Reagan Carrier Strike Group are conducting search and rescue operations and re-supply missions as directed in support of Operation Tomodachi throughout northern Japan. (U.S. Navy photo by Mass Communication Specialist 3rd Class Kevin B. Gray/Released)
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PACIFIC OCEAN (March 16, 2011) Sailors load bottled water on an HH-60H Sea Hawk helicopter assigned to the Black Knights of Helicopter Anti-Submarine Squadron (HS) 4 aboard the aircraft carrier USS Ronald Reagan (CVN 76). Ronald Reagan is off the coast of Japan providing humanitarian assistance to Japan as directed in support of Operation Tomodachi. (U.S. Navy photo by Mass Communication Specialist 3rd Class Dylan McCord/Released)
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KURO-SOKI, JAPAN (March 16, 2011) Naval Air Crewman Chris Tautkus, from Simi Valley, Calif., assigned to the Black Knights of Helicopter Anti-Submarine (HS) 4 embarked aboard the aircraft carrier USS Ronald Reagan (CVN 76), uses a translation card to ask a Japanese man what additional supplies and assistance is needed in his area. Ronald Reagan is off the coast of Japan providing humanitarian assistance to Japan as directed in support of Operation Tomodachi. (U.S. Navy photo by Mass Communication Specialist 3rd Class Dylan McCord/Released)
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KURO-SOKI, JAPAN (March 16, 2011) Japanese citizens unload food and water from an HH-60H Sea Hawk helicopter assigned to the Black Knights of Helicopter Anti-Submarine Squadron (HS) 4. The squadron is embarked aboard the aircraft carrier USS Ronald Reagan (CVN 76), off the coast of Japan providing humanitarian assistance as directed in support of Operation Tomodachi. (U.S. Navy photo by Mass Communication Specialist 3rd Class Dylan McCord/Released)
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PACIFIC OCEAN (March 16, 2011) Japan Ground Self-Defense Force vehicles cover the flight deck of the amphibious dock landing ship USS Tortuga (LSD 46) for delivery to Onimato, Japan. Tortuga is transporting the 93 vehicles and 273 Japan Ground Self-Defense Force troops to provide disaster relief and humanitarian assistance to Japan as directed in support of Operation Tomodachi. (U.S. Navy photo by Mass Communication Specialist Seaman Scott Bourque/Released)
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