Publication

The incipient economic recovery that Japan was experiencing was truncated by the terrible accidents of March 11, 2011, when a 9,0 magnitude earthquake followed by a tsunami devastated the northeastern coastal area of the country. This marked the starting point for a period of great sacrifices and political, economic and social uncertainty. Nevertheless, Japan has resources to confront the new situation: a high level of private savings, an elevated current account surplus, a strong level of external reserves, and a population that is trained, disciplined, and hardworking.