Revisiting Japan a Year after the Earthquake: A Slower than Expected Recovery
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One year after the March 2011 earthquake and tsunami struck Japan’s northeast coast, killing 20,000 people and triggering the world’s worst nuclear accident in decades at Fukushima, the country is still suffering the economic aftershocks. Although history shows that a natural disaster alone does not have enough force to change the direction of national economies, for Japan the confluence of internal issues and external events was too much.
This report explores in depth the factors impacting the Japanese economy and the ongoing risks to its sustainable growth. It also gives insight into what ways Japan's economy is expected to pick up and where it is likely to remain flat, and gives an outlook into its future relative to other major world economies.
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