babble » blogs » Strollerderby
Strollerderby
Dow Jones Industrial Average Signals Economic Woes For Japan’s Kids (And Ours)
This is an image of the Dow Jones on Black Friday. Is another crash coming after the Japan earthquake?
The Dow Jones took a nosedive today as Japan was rocked by fresh aftershocks and a worsening nuclear crisis. As this natural disaster continues to unfold, it may quickly become the most expensive in history. Japan’s children will have a huge bill to pay, one that will shape the economic future of their country for many years to come. Long after the last of the rubble is cleared from the quake itself, Japan will still be footing the bills for cleanup and rebuilding.
NPR reported yesterday that while some economic growth may come internally from the public works projects needed to rebuild in the face of a disaster on this scale, in real terms Japan is facing a huge loss of wealth.
American kids won’t get off scott free either.
Japan has the world’s 3rd largest economy. The Dow Jones tanked today because, according to the Washington Post:
Investors are selling because of uncertainty about the impact the nuclear crisis might have not only on Japan, but also on companies in this country.
We won’t know the full scale of the disaster for some time yet. Last time Japan had a major quake, it was a year before its financial markets hit bottom.
Obviously, with aftershocks and nuclear explosions still happening, the people of Japan have bigger things to worry about right now than how their financial markets are doing. As the recovery begins, though, they’ll be depending on those financial markets to recover and thrive. So will we. Japan accounts for 10% of U.S. exports, and we rely on Japanese factories to produce many of our computer components.
Photo: wikimedia
Go Back To Strollerderby
1 Comment
Lysander commented on Mar 15 11 at 3:19 pmI don’t recommend NPR as a news source unless gloom and doom somehow
gets re-defined as optimistic.
Add your take:
Note: Babble is a supportive, diverse community. We encourage a range of opinions,
but any unduly hostile comments will be removed.
Comments are delayed up to 15 minutes
Lori Garcia 
Joslyn Gray 
Amber Doty 
Julianna Miner 
Monica Bielanko 
Sierra Black 
Meredith Carroll 
Carolyn Castiglia 
Sunny Chanel 
Madeline Holler 
Rebecca Odes 
Danielle Smith 
Danielle Sullivan 
Katherine Stone 
The Walt Disney Company supports Babble as a platform dedicated to honest, engaged, informed, intelligent and open conversation about parenting. However, the opinions expressed on this site are those of individual parents/writers and do not reflect the views of Disney. In addition, content provided on this site is for entertainment or informational purposes only and should not be construed as medical advice, diagnosis, treatment, or safety advice.
1