Sunday, March 20, 2011

Cheap Maplestory Mesos financial markets were closed

 Buy Maplestory Mesos earthquake and tsunami in Japan can not pay their economies up to $ 235 billion, or 4.0 percent of production, and reconstruction could take five years, the World Bank said on Monday.

"If history is any guide, the real GDP growth will be affected by mid-2011," World Bank said in its latest East Asia and Pacific Financial Report Update.

But growth is expected to increase again in the coming quarters, "as the reconstruction effort that could last five years to accelerate," he added.

The lower end of the World Bank estimate of double disaster, "the impact of 122 billion dollars, equivalent to 2.5 percent of gross domestic product (GDP).

When disaster struck on March 11, Japan has also had to deal with a nuclear crisis in Fukushima, but the World Bank does not mention the nuclear issue in its assessment of economic damage.

The Japanese financial markets were closed on Monday. On Friday, Japanese and other rich countries of the G7 promised to intervene in currency markets to stop the yen rising and support for the Japanese economy.

The dollar strengthened immediately after the move and was trading at 80.90 yen in Asian trade last week, against 80.59 in New York on Friday.

Japan's GDP grew 3.9 percent in 2010, when he was overtaken by China as the second largest economy in the world. But Japan was plunged into unrest for years as a real estate bubble has imploded in the early 1990s.

Vikram Nehru, director of the World Bank regional economist, said the Japanese disaster affecting the rest of Asia, but it was too early to give cost estimates of the region.

"In the immediate future, the biggest impact is in terms of trade and finance," he told reporters in Singapore.

The World Bank has said that after the 1995 earthquake in Kobe, Japan's trade has fallen to only a few quarters with a full recovery from years of import and export, before rebounding to 85 percent before the earthquake, at the same time.

"But this downtime production networks could, especially in the automotive and electronics industries continue to be a problem (beyond one year)," the report added.

The World Bank said developing East Asia's trade with Japan accounted for about 9.0 per cent of total external trade in the last five years.

It is estimated that exports could reduce the region of 0.75 to 1.5 percent if Japan's GDP fell from 0.25 to 0.5 percent.

Automotive and electronics are already feeling the impact of deadly natural disaster in Japan since 1923, when the production of big companies like Toyota and Sony disrupted.

Thai exporters who buy car parts manufactured in Japan have sufficient stocks to last until April, while plants in the affected country is experiencing shortages of parts of the region devastated northeast coast.

GM Korea, the South Korean unit of General Motors, plans to cut production as it prepares for a possible lack of Japanese parts, Dow Jones reported on Monday in Seoul.

In the electronics sector, prices for memory chips jumped more than 20 percent in some segments, said the World Bank.

Japan offers up to 36 percent of memory chips in the world.

The World Bank also announced that reconstruction work after Japan could affect Asian countries holding yen in liabilities, foreign direct investment (FDI) by Japanese firms in these economies.

He said the fourth area of ​​emerging economies, the long-term debt Cheap Maplestory Mesos

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