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Assessing the Economic Aftershocks of Japan's March 11 Earthquake

Published online by Cambridge University Press:  07 May 2025

R. Taggart Murphy
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Assessing the Economic Aftershocks of Japan's March 11 Earthquake Stephen S. Roach warns us not to be complacent about the effects of the March 11 earthquake in Japan on the global economy. After outlining a “narrow view” based on a declining global profile for the Japanese economy – a shrinking percentage of both global exports and GDP, a rising China, and an irreplaceable position in only a handful of critical upstream industrial components – Roach urges us not to accept the “superficial” conclusions that might flow from this view: that Japan “doesn't really matter any more” and that disruptions to global economic activity from the March 11 earthquake and its aftermath will be “transitory” and “small.”

Type
Research Article
Information
Asia-Pacific Journal , Volume 10 , Issue 54 , December 2012 , e28
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Authors 2012

Footnotes

Between 2012 and 2014 we posted a number of articles on contemporary affairs without giving them volume and issue numbers or dates. Often the date can be determined from internal evidence in the article, but sometimes not. We have decided retrospectively to list all of them as Volume 10, Issue 54 with a date of 2012 with the understanding that all were published between 2012 and 2014.' As footnote