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Monday, March 14, 2011

Don't Panic!

Aside from focusing on the loss of human life and humanitarian issues relating to the ongoing crisis in Japan, many media organisations are also hyping the potential economic downside of this disaster.

Whilst in the short term there will be a negative impact on the economy, the medium term prospects are far rosier. The stimulation package announced by the central bank, and general economic boost provided by capital refurbishment projects will in fact do the Japanese economy (and world economy) a power of good.

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