4 ms·

Careful. Japan's debt level, when compared to GDP, is higher than US: http://www.economist.com/blogs/freeexchange/2011/03/sovereign_debt http://www.economist.co

• phlux 16y ago
  and they just lost ~1 trillion ++ worth of infrastructure... I believe they have a 10 year rebuild in front of them. This is assuming that we have hit bottom on the catastrophe over there now and that we can contain the Daiichi plant. It would be very interesting though, if things turn south and some massive takeovers occur in the next 12 months. Imagine companies like Fujitsu, Hitachi or others (my mind is blank) being bought up by the IBMs Apples or even Google or GASP facebooks (those who have a lot of cash to buy tech houses in Japan and picot into HW?) Pure fantasy sure - but so was the SCIFI scenario we are now looking at today, just last week.
  • dereg 16y ago
    Currency? Do you have a source on revised infrastructure damage figures, because I've only seen $100-150 billion estimates by some insurance companies.
    • masklinn 16y ago
      Christchurch is $12b, and there have been whole cities leveled in japan, a whole prefecture is majorly affected if not downright destroyed. $150b seems very low.
      • Ratfish 16y ago
        The Christchurch figure is a debatable one, as the government is talking it up so as to justify an asset sale (national park mining and power companies are current favourites) while the true figure seems unknown (I can't find a good source, any you know of?). The EQC only pay part of some claims, but here are their stats http://canterbury.eqc.govt.nz/repair-replacement/progress http://canterbury.eqc.govt.nz/repair-replacement/progress
      • kmfrk 16y ago
        They are also rapidly losing their nuclear power plants permanently.