Sign up | Log in



Home  >>  Daily News  >>  ASEAN ANALYSIS


Asean Affairs  15  March 2011

How will Japan’s disaster affect Asian economies?

By  David Swartzentruber

AseanAffairs     15 March 2011

Related Stories

March 14,2011
Japan’s nuclear crisis may delay nuclear power rush

March 13,2011

March 11,2011
Aquino on corruption

March 9,2011
Asian currency regime plan for Asia?

March 9,2011
Malaysia tries rare earth-again

Although the three-part disaster in Japan: earthquake, tsunami and nuclear reactor explosions, is still unfolding , the consensus of domestic and international economists is that the economic impact on other Asian economies will be limited.

As reported in today’s News Update, economic and fiscal officials in Indonesia, Malaysia and Thailand all seem to think the impact will not be significant and there may even be an uptick in exports when Japan begins its rebuilding process.

Another factor for other Asian countries could be the shift of manufacturing facilities abroad to countries where there is little chance of a destructive earthquake. Thailand, for example, has no major incidence of earthquakes.

Japan’s imports are mainly raw materials from countries such as Australia, China, Saudi Arabia and the United States. With the disruption of port facilities, these countries may see a decline in the payloads shipped.

International economists cite the resurgence of the Japanese economy following the 1995 Kobe earthquake, however, most feel this latest disaster will probably have a more significant effect on Japan’s gross domestic product (GDP) and the Japanese response may be less robust than in 1995.

The reason for this more anemic reponse is that Japan has the largest ratio of public debt of any government . The public debt is 200 percent more than the GDP. The cost of the cleanup is likely to push Japan’s fiscal debt above the 10 percent of GDP that was projected for this year. According to Moody Analytics, Japan’s tax revenues are among the world’s lowest and the need to raise a variety of tax hikes for reconstruction is essential and a “broad reform of Japan’s public finances will also be required.”

Paul A. Ebeling, Jnr

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    15  March 2011 Subsribe Now !
 • Indonesia ready to supply Japan with fuel
Subcribe: Asean Affairs Global Magazine
 • Japanese investment will continue in Indonesia Asean Affairs Premium
• Malaysia now faces tough decision on nuclear

• Japan’s troubles affect Malaysia

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• More Singapore workers work past retirement

• Japanese carmakers worry about parts

• Thai exports to take quake hit

• Rising world food demand to lift exports
Asean Analysis    15   March 2011 Advertise Your Brand
• How will Japan’s disaster affect Asian economies? Sponsor Our Events
Asean Stock Watch    15  March 2011
• Japan to weigh on Asean markets
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand