Japan’s economy, having endured two decades of sluggishness, has been falling behind globally even faster since the financial crisis that erupted in 2008. How, then, will the massive shock caused by the earthquake and tsunami affect the country’s economic prospects?
TOKYO – In Japan, memorial services for the dead are normally held 49 days after their passing. The bereaved mourn throughout this period. The number of victims of the earthquake and tsunami that assaulted the Tohoku region of northeast Japan has now reached around 30,000, if those who are still missing are included. This was the largest natural disaster to strike Japan in its history, and the entire nation has been in mourning.
TOKYO – In Japan, memorial services for the dead are normally held 49 days after their passing. The bereaved mourn throughout this period. The number of victims of the earthquake and tsunami that assaulted the Tohoku region of northeast Japan has now reached around 30,000, if those who are still missing are included. This was the largest natural disaster to strike Japan in its history, and the entire nation has been in mourning.