Social and Economic Impacts Of Haiti and Japan Earthquakes Haiti Social Impacts 3 million people affected over 220. 000 deaths 330. 000 injured 1. 3 million people made homeless Several hospitals collapsed Economic Impacts 30. 000 commercial buildings collapsed Business destroyed Damage the main clothing industry Airport an port damaged Japan The disaster will weigh on Japan’s economic growth through negative impact on consumption, cape projection, and lower capacity to ship export.
On the other hand, construction demand in the phase of recovery will have positive impact on reconstruction of housing, replacement of production equipments (I. E. cape), government expenditure, and public investment. If we aggregate those negative and positive impacts, quarterly real GAP growth will be pushed down by a total of -2. 1% points for Jan-Mar and Par-June quarters. But reconstruction demand thereafter will push up real GAP growth rates for July-Seep and Cot-DCE quarters by a total of +0. % points. Those said, we revise down our real GAP forecast for PAYOFF to almost zero%. The earthquake will have negative impact both on actual household consumption expenditure and on their sentiments, which, in turn, will make households increase precautionary saving. However, strong reconstruction demand in the recovery phase will result in a +2. 3% real GAP growth for PAYOFF. On the price front, we point out that the impact of the disaster will be inflationary rather than deflationary.
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The BOX as been very active in providing ample liquidity and, as of 22 Mar, the BOX has social and economic impacts of Haiti and Japan earthquakes By salmonella operations. There has been declining amount of bids to those operations, showing that demand for liquidity for immediate needs have been stabilized thanks to those massive liquidity provisioning operations. As a result, the Bob’s current account balance exceeded GUPPY trillion as of 22 Mar and recorded a historical amount, providing reassurance to the market that the central bank will act as needed.
The BOX will forget about the +1% inflation threshold for normalizing interest rates for the time being and will maintain the present policy interest rate target throughout 2012. Japan’s nuclear industry supplied a third of the country’s electricity. In total, 11 of Japan’s 50 nuclear reactors were closed immediately following the earthquake. The capacity to produce electricity was reduced by as much as 40%, and has remained at less than 80% of pre-quake levels.