Tsunami-nomics: How the Disaster Could Set the Stage for Japan's Economic Recovery

Japan, having absorbed a massive catastrophe, finds itself with major industries struggling. What's a country to do?

When a massive undersea earthquake struck off the coast of Japan in March, it shook apart cities and created a massive wave that wiped out seaside communities. In the wake of the tragedy—and resulting nuclear disaster—the world focused on emergency measures and human costs. We're just now starting to grapple with the longer-term effects of the tsunami, which are being felt around the world.

Japan, the world’s third-largest economy, is one of the few developed nations to maintain a significant manufacturing and export sector, namely cars and electronics. But the disruptions caused by the earthquakes—infrastructure damage, power outages, and work absences—have hit these industries hard.

Keep Reading