Yes, they all need aid/help but not in a way that money is pump into their govt but to give them something to solve their immediate problems by sending over equipments, experts etc.
[url= http://curiouscapitalist.blogs.time.com/2011/03/12/could-japan%E2%80%99s-earthquake-cause-a-debt-crisis/ ]Could Japan's Earthquake cause a debt crisis?[/url]
Standard & Poor's just downgraded Japan's credit rating in January. After the quake, it will only become more difficult for the Japanese government to curtail is deficits and debt.That's because of a combination of factors. First, the government will have to spend money to undertake reconstruction of the cities and infrastructure damaged by the quake and tsunami, putting upward pressure on fiscal spending. Secondly, we're likely to see at least a temporary hit to growth and some manufacturing, transport and consumption will be disrupted. In normal circumstances, that hit probably wouldn't be a big deal, but the recovery of the Japanese economy had run out of steam even before the quake hit. Japan's GDP in the final quarter of 2010 contracted by an annualized 1.3%. With the economy in the doldrums, and a human tragedy unfolding in the country's north, we can imagine the difficulties Japan's leaders will have even talking about fiscal austerity programs of the type being implemented in Europe.
I would rather the money was spent shooting halfwits.
Lifer - MemberWhat is it then as I am interested to know.
1700 missing/dead (and rising)
300,000 evacuated (and rising)
Cost to the economy? (on top of debt of 200% GDP - ours is about 70%)And you compared it to being tired.
Okay being "tired" is a bad example, my bad (an expression I learned from my Texan cowboy mate), so perhaps I could have illustrated with an example of equal suffering.
But get this ... you can call label me however you like as I don't understand this ...
They are a developed nation, rank higher than us in all three lists, perhaps technologically even far more advance than us, better equipped and yet they are "poorer" than us according to some. So am I right in saying that all those lists are shite with their measurements and the world has gone mad in not comprehending reality, ranking wise?
🙄
chewkw - Member5. I did not foresee the future which Northwind reminded.
WTF? The earthquake has already happened, you didn't need to be a fortune teller to understand that it'll impact their ecomony.
Honestly, you are such an incredible mong. Get a head swap, it's the only hope.
Northwind - MemberWTF? The earthquake has already happened, you didn't need to be a fortune teller to understand that it'll impact their ecomony.
Honestly, you are such an incredible mong. Get a head swap, it's the only hope.
Yes, but it's difficult to say since they are a developed economy and technologically might be more advance than us, so how much impact we do not know apart from knowing certain areas being badly affected.
We could all buy some nice shiny Shimano stuff to help out their economy.
true, but if the next quarter is classed as negative growth (like the last one was) then we're in recession again, what's the betting on next qtr being 0.1% like Q3 2010 so that we didn't go towards a depression ? 😉We are not in recession.
anyway apologies for the pedantry, but there is an esoteric link - if the japanese get back on their economic feet a bit quicker then it reduces the risk to our economy - plus the fact that the japanese would help us out if we were on the receiving end
do what andyl said, buy new shimano
if the next quarter is classed as negative growth (like the last one was) then we're in recession
Double-dip recession ? Never !
I have an unshakable faith in the economic policies of the Tory LibDem coalition ... private sector growth will save us all.
How could anyone [i]not[/i] trust these two guys ?
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They must be laughing because they sit opposite Ed Milliband!
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They all look alike ... 🙄
Bloody career politicians ...
Oxboy - MemberThey must be laughing because they sit opposite Ed Milliband!
Yup, Tory Toffs always laugh at Labour and the lower classes.....that's why I trust them so.
BTW Oxboy, do you still vote BNP ?
Labour and the lower classes
Someone change the f****ng record.
Why's that backhander ? A quick search shows that record has never been played before.
I've just got in from the pub and I'm confused.
Isn't it Woppit's role in life to start this sort of thread?
edhornby - Member
"anyway apologies for the pedantry, but there is an esoteric link - if the japanese get back on their economic feet a bit quicker then it reduces the risk to our economy - plus the fact that the japanese would help us out if we were on the receiving end"
Someone said on the news earlier that Japan is "only" our 3rd biggest market. I wondered who the second was, and turned out that it was "all of Europe put together". So yeah, it's quite a big deal for britain if their economy gets worse.
Northwind - MemberSomeone said on the news earlier that Japan is "only" our 3rd biggest market. I wondered who the second was, and turned out that it was "all of Europe put together". So yeah, it's quite a big deal for britain if their economy gets worse.
So why are their consumption so high and what are they consuming? All eggs in one basket ...
According to UK Trade and Investment, the exports are mainly in healthcare, machinery and transport, but also food and drink.
No idea what you mean by "all eggs in one basket" though. Their consumption isn't high by developed economy standards IIRC, there's just lots of them.
(aside: I just found this fantastic quote on a crap economy website, "The main trading partners of UK in 2003 were European Union, US, Asia, Middle East, Australia, Latin America and Africa." Or in other words, everyone apart from penguins and martians.)
According to UK Trade and Investment, the exports are mainly in healthcare, machinery and transport,
Sounds like the quake should be good news for our exports then 😈
SOD JAPAN AND EVERY OTHER COUNTRY! UK FIRST! WE HAVE OUR OWN PROBLEMS!
Apparently the UK has a critical shortage of lower case letters. Luckily as the Japanese use a different character set this latest event shouldn't disrupt the global lower case Latin supply. That's a good thing, seeing as vowel stocks were particularly under pressure following the NZ aftershocks in Kaiapoi, Te Anau and Akaroa.