Global effects of Japanese earthquake and tsunami
With the developing and terrifying stories and images of the tsunami which stuck the east coast of Japan at the end of last week, the first day of trading on the world money markets saw a small percentage drop . The Japanese are only just recovering from recession and have injected 114 billion/15 trillion yen to bolster the markets. The wider effects will be felt across the globe in the coming days with risk of share prices in many Japanese goods being adversely effected. It remains to be seen what effect this terrible disaster will have on the global economy but for now our thoughts are with the Japanese people.