Dr Chandan on Japan's Economy After the Disaster
Globe St reports: Speaking with Ryan Clark, managing director of GlobeSt.com, just hours after a powerful earthquake rocked Japan on Friday, March 11, 2011, Real Capital Analytics’ Global Chief Economist Dr Sam Chandan discussed how the natural disaster may affect the world’s third largest economy.
"Japan is clearly mobilizing politically and on the public level to address this crisis, the greater concern from a real estate investor perspective is there may be calls for the government to support a new round of spending to support the economy and to ensure the unexpected shock to the economy does not push Japan back into a recession," stated Dr Chandan. Japan’s economy has faced weak growth and several recessionary periods over the past two decades. And while recently, Japan’s government has been seeking solutions to the nation’s tremendous pool of public debt and struggling economy, Dr Chandan indicated that its likely “…those sensibilities for the time being will be lost in an understandable desire to support local economic activity and assure that the Japanese economy doesn't fall back into a recession."
View the full article on Globe St: Dr Chandan on Japan's Economy After the Disaster
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