Japan Implications

In Manila, the Department of Labor and Employment (DOLE) said a number of Filipino workers in Japan have lost their jobs as a result of the twin calamities.

MANILA, Philippines – The impact of the disastrous earthquake and tsunami that recently hit Japan is not expected to affect the Philippine economy in the near term but its long-term effects is a cause for alarm, the World Bank said. 

MANILA, Philippines – Economic and monetary authorities under the Aquino administration are now reviewing the country’s macroeconomic and monetary targets in light of the impact of the devastating magnitude 8.9 earthquake and tsunami in Japan last March 11.

TOKYO—Japan’s major automakers are trying to find alternative parts suppliers to replace those knocked out of action by the colossal earthquake last week that has forced most of the country’s car production to a halt.

SINGAPORE: Asia is poised for another year of solid growth in 2011 even if the impact of the killer earthquake and tsunami on Japan remains unclear, Standard and Poor’s (S&P) said Wednesday.

A prolonged crisis in Japan as a result of the multiple disasters that hit it will slow down the supply chain for electronics including that to the Philippines which relies heavily on Japanese raw materials for its semiconductors, its biggest export product, the Semiconductor Electronics Industries in the Philippines Inc. (Seipi) said yesterday.

It’s really too early to tell the impact of the deadly earthquake on the Japanese and the global economy, but stock market pundits agree that the catastrophe will result in a massive reconstruction job that, in the medium-term period, could finally prop up the gross domestic product in the devastated nation.

Honda Cars Philippines said the massive quake and destructive tsunami in Japan will not affect its local operations, adding it can produce completely knocked-down vehicles due to available parts and components from other countries.

If true character is what we show when no one is looking, real civility (or the lack of it) will definitely be on display in times of widespread calamity. And the recent disaster in Japan brought to the fore both the character and the deep respect for others that the citizens of that country possess.…

ALCATEL-LUCENT, ICAP and Infosys Technologies are among the companies moving employees in Japan elsewhere after Prime Minister Naoto Kan warned the risk of leaks from an earthquake-damaged nuclear plant was rising.

PHILIPPINE businesses have begun counting the possible economic costs of Japan’s worst disaster since the Second World War, with electronics exporters warning of disruption in their raw material sourcing.

Technology firms are facing major disruption to supplies in the wake of the earthquake and tsunami which have devastated parts of Japan.

TOKYO – Japan’s central bank continued to flood money markets with cash on Wednesday, bringing its total emergency funding to nearly $700 billion as it tries to soothe fears about the economic impact of the catastrophic earthquake, tsunami and unfolding nuclear crisis.