Japan Economy Strong Enough to Bounce Back

Mar 16, 2011, 08:55 ET from Economist Intelligence Unit

LONDON, March 16, 2011 /PRNewswire/ -- The quake and tsunami have wrought havoc in Japan but the world's third largest economy has large reserves of strength to draw on.

In the latest Global Forecast programme from the Economist Intelligence Unit, editorial director Robin Bew adds that the cost of rebuilding stricken towns can be borne by the country in spite of is perilous public finances.

"I think it is important to recognise that while geographically the part of Japan that was worst affected will be very badly hit indeed, the economy is very big and other sectors will continue to perform and develop and the export trade will continue. And so while short-term disruption will be very high, in the longer term we would expect broadly things to continue."

The interview and transcript are available now on http://www.cantos.com/eiu#

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SOURCE Economist Intelligence Unit