Big quake shocks global economy Japan auto industry loses worst

Source: Internet
Author: User
Keywords The world economy the most serious
Tags economy global economy it is process recovery world world economy
Summary: March 11, the northeastern coast of Japan, the Richter magnitude 9 earthquake, and triggered a large-scale tsunami, in addition to a large number of casualties, the recovery of the Japanese economy, and even the global economy has caused a strong shock wave.  It is a matter of concern that Japan, the world's third-largest economy, will be affected by the process of recovery, whether the global economy will be affected and how China's economy and capital markets will be impacted.  March 11, the northeastern coast of Japan, the Richter magnitude 9 earthquake, and triggered a large-scale tsunami, in addition to a large number of casualties, the recovery of the Japanese economy, and even the global economy has caused a strong shock wave.  It is a matter of concern that Japan, the world's third-largest economy, will be affected by the process of recovery, whether the global economy will be affected and how China's economy and capital markets will be impacted. In view of the continuing damage caused by secondary disasters such as earthquakes and tsunamis, Jim, chairman of Goldman Sachs Board, said: "It is still difficult to judge the extent of damage and the amount of loss."  "However, the economic losses caused by the quake will come mainly from two areas." The first is direct losses from earthquakes and tsunami shocks. Although the north-east of the quake's hardest-hit region is not Japan's main industrial zone, the region has also concentrated on a number of important industrial plants such as automobiles, nuclear power, petrochemicals and semiconductors, which account for about 8% per cent of Japan's gross domestic product.  At present, the car industry suffered the most damage, according to Kyodo News 13th, Japan, Mitsubishi, Toyota, Honda, Nissan, Dafa and other 8 Japanese carmakers will temporarily close the factory in Japan since 14th, because the parts supply after the earthquake blocked. Among them, Japan's three major auto manufacturers Toyota, Honda, Nissan a total of 22 factories have been closed. Reporters from the three companies in China to learn that the disaster is at the weekend, the Chinese company, although the headquarters has been contacted, but the specific damage is not yet detailed data released.  As to when to resume production, depending on the disaster. According to the Chinese Import Automobile Trade Center related person, the shutdown of the three Japanese car companies, including Lexus, Infiniti and Acura brand. Among them, Toyota imports ranked third, after Mercedes-Benz and BMW.  Nissan and Honda are less than the top 10. Second, earthquakes will lead to a supply chain crisis. Although Japan's main manufacturers have not suffered catastrophic damage, but because of the earthquake caused by traffic disruption, raw material supply is affected, the finished goods can not be transported to the airport or port. As Japan's position in the global industrial chain is extremely important, the supply chain crisis will bring losses to Japanese manufacturers and even global manufacturers in a few months.
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