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Showing posts with label japan earthquake. Show all posts
Showing posts with label japan earthquake. Show all posts

March 21, 2011

Japanese Twitter Buzz : Graph

This Graph courtesy Penn Olson  It shows the number of mentions of ‘Japan’, ‘Earthquake’, and ‘Tsunami’ on Twitter over time. On 11 March, the day when the natural disaster happened, the number of Tsunami mentions hit 1.7 million.
As more corporations join forces to help Japan, the buzz on Twitter became louder. Mentions on Japan hit a whopping 2.8 million on March 16. Twitter played a crucial role to ensure the world is updated with the situation in Japan. Also note that you can now follow the Japan Prime Minister Office English Twitter account for post-earthquake updates.

March 18, 2011

Japanese Reconstruction Timeline

At the start of Japanese disaster, economists came out with a simple explanation as to what the impact of the earthquake would be on Japan's economy: The economy will be hit in the short-term, but GDP will grow more in future months than expected because of reconstruction.

This report from  Barclays  shows that, when the earthquake hits, production falls in the economy due to the destruction of infrastructure. Then, as cleanup and reconstruction commences, demand increases, and the economy ends up growing more as a result. Barclay's GDP projections fit this model, with Q2 GDP revised down to +0.8%, Q3 up to +3.2%, and Q4 up to +3.0%.

Uncertainty remains over Fukushima, but Japan's recovery also depends on how much the Japanese government is willing to spend.

According To Barclays:

In our view, fiscal policy is the key to moving from a phase of production decline to a phase of overall increase in demand. At this stage, however, it remains unclear when the FY 10 second preliminary budget will be compiled and how big it will be. Although private-sector reconstruction activity could pick up ahead of activity in the public sector, the rebuilding of public infrastructure such as harbors and roads will still depend on fiscal policy.

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