Effects of crisis on japan economy

However some analysts has estimated that the Japan economy resurrection will occur later this year. Along this and next quarter, Japan economy will negatively affected by the loss of production as Nomura analyst estimated. However, growth will regain its footing in the third quarter, said Nomura analyst, Takahide Kiuchi and Kohei Okazaki, Tuesday (15 / 3). Japan economy has receded in late 2010 and it is expected to re-grow at the second quarter of 2011. However, the devastating disaster has likely halted the recovery process. We expect that Japan economic recovery takes longer than has previously expected, due to earthquake and tsunami, he added. One fifth of the nuclear power plant in Japan has been closed since the disaster. Thermal factories were also closed, forcing the state facing rolling blackouts to conserve energy. The Japan economy has received larger consequences than what we expected, said Tom Byrne, senior vice president at Moodys Investors Service.

Japan economy has damaged

Economists said that the earthquake hit, the tsunami and the nuclear accident has damaged the Japan economy that has been through hard and long struggle. Richard Soultanian from NUS Consulting, which specializes in the energy supply industry, said that the disaster has been suspended the worlds third largest economy for the time being.