ìEarthquake (9) and tsunami in Japan on March 11, 2011.
ìAn estimated 28,000 were dead or missing, and at least
500,000 were displaced.
ìDisrupted transportation routes made rescue efforts difficult.
ìEarthquake and Tsunami were bad enough caused a radioactive leak at the
Fukushima nuclear power plant.
ìRadiation showed up in local milk and vegetables, and
briefly appeared in Tokyo's drinking water.
ANALYSIS
ìJapanese economy is the third largest in the world,
with GDP of US$5.5 trillion (2010).
ìThe quake hit Japan's north-east section, responsible for
6-8% of the world's third largest economy.
ìCountries that export energy and raw materials saw a surge in
demand from Japan.
ìBut others that rely on Japan for manufacturing
components braced
themselves for shortages
in supply.
ìSouth Korea:
ì"In terms of semiconductors, auto and steel
companies, South Korean and Japanese companies are competitors” -
Huh Jae-hwan
ìBut the benefits only continued as long as the situation in Japan does not start to
affect the components that Japan supplies to Korean companies.
ìTaiwan
ìTourism industry has been affected, with many Japanese visitors cancelling trips
to Taiwan.
ìTaiwan gets the second-most tourists from Japan, about
one million people a year.
ìChina
ìJapan is China's biggest source of imports accounting
for roughly 13% of its purchases from abroad.
ìAffected by the disruption in supply.
