Home > Growth > Will Japan’s Crises Disrupt Global Economic Recovery?

Will Japan’s Crises Disrupt Global Economic Recovery?

Here is an interview with The Economist writer Greg Ip which was screened yesterday on the PBS Newshour.
Key points are:
* Japan is the key supplier for a lot of manufacturers – it is the world’s largest suppliers of flash memory and of semiconductors over the last few years
* Japan has virtually no natural energy resources of their own – very dependent on nuclear power
* Loss of nuclear power will increase demand for fossil fuels – with this and the unrest in the Middle East global oil prices will rise
* Japanese seem to have the funds to rebuild the economy as they are very high savers. They have bought all their government’s debt to date

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