Tag Archives | tsunami

whale hunt.png

Looking backwards, not forwards

Since the start of the Crisis, many policymakers have chosen to look backwards rather than forwards. Instead of facing reality, the US has wasted $5trn on stimulus programmes and quantitative easing. Whilst China created a massive credit bubble by doubling bank lending in 2009 to reach 1/3rd of GDP. Yet in the end, demographics drive […]

Continue Reading
Japan GDP May11.png

Japan falls into recession, again

Japan’s ageing population has led to slow economic growth for many years. It has battled for years to try and boost domestic demand, with only limited success, as the chart of GDP growth from the Wall Street Journal shows. Occasional bursts of growth (green column) are only followed by more red ink. Thus the economy […]

Continue Reading
Fukushima Apr11.png

Japan’s Fukushima disaster equal to Chernobyl

Finally, the authorities have admitted that the Fukushima Daiichi nuclear problem is very serious, and still unresolved. Its rating has now been raised to 7, the highest possible – equal to the Chernobyl disaster. The picture, from the Wall Street Journal, shows the state of the reactor building on Sunday. Equally, the impact on the […]

Continue Reading
TEPCO Apr11.png

Tokyo queues for torches, not iPads

Sadly, we still seem no closer to a solution to Japan’s nuclear nightmare at the Fukushima Daiichi plants. It is now certain that there will be no quick ‘return to normal’. Tokyo itself accounts for ~40% of Japan’s economy. And life there is already quite different from its pre-disaster pattern, with all non-essential lighting dimmed […]

Continue Reading

Facts of the week

The Financial Times reports two interesting facts: • Japan’s leading seismologist warned Tokyo Electric Power in June 2009 that “tsunamis of a completely different scale have come before” in the region of the Fukushima Daiichi nuclear plant. One, in 869, had “destroyed a castle“. But no changes were made to the plant’s defences. • The […]

Continue Reading

The Potential Impact of the Japan Disaster – an Update

Sadly, the blog needs to update its March 16 post, which analysed the potential impact of the Japan disaster. Earlier hopes of a quick end to the problems have proved false:•250000 people are now in refugee accommodation•The death toll is still rising, and is likely to reach at least 18000•The head of the International Atomic […]

Continue Reading

Japan – the Fukushima nuclear problem explained

It is nearly a week since the Japanese earthquake/tsunami which led to the nuclear emergency at the Fukushima Daiichi complex. Yet information on the actual nature of the problems has been very difficult to obtain. In case readers have experienced the same issue, the blog is reprinting in full the article below from today’s Wall […]

Continue Reading
Japan Mar11.png

The Potential Impact of the Japan Disaster

Japan’s prime minister has described the current situation as “the country’s worst tragedy since World War 2”, whilst the emperor has said he is “deeply worried“. Certainly, never in our working lives have we faced the combination of an earthquake, a tsunami and a potential nuclear meltdown – all taking place in the world’s 3rd […]

Continue Reading