Does any one still remember Japan's Nuclear Disaster?
World is busy absorbing many recent events, some sad, some good, some extremely good and understandably so. Its no surprise Japan is out of the news radar but not from the realities of the recent nuclear disaster. Many leading auto companies such as Honda and Toyota have had the greatest damage to their bottomline. The damages to the economy is still fresh. No one has the knowledge when these would be restored. Some say 6 months some say more than a year. It is so strange to me that Japan is still able to retain the number 3 position economically inspite of the 10 year long recession. Comparatively, US has almost emerged out of its recession in less than 3 years. That is some resilience. Economic drivers has a big role to play in this emergence. The biggest being the Debt that US has boldly taken upon itself. Its going to be a long time that US will see economic normalcy return. But for now incomes are growing and so also the spending. Lucky for those who still have an income strea