James McKee

Japan’s Nuclear Problems Mount



Posted: Sunday, April 03, 2011

by James McKee
http://www.forex.tradingcharts.com

While Japan seems to have its nuclear crisis in hand they are quick to point out that there may still be some problems yet to come, Japan is in no position to continue to leave its factories out of production.  However, this seems to be exactly what Japan has opted to do and the long-term effects on the Japanese economy may prove to be staggering.  Already the price tag for this catastrophe is half a trillion dollars, and that number is only growing as the days wear on.  There have been reports of radiation in food products and other issues, all of this does not bode well for the JPY on the online forex exchange.

The world’s largest cement mixer has been dispatched to Japan in an effort to cover up the reactors that are spilling out radiation; however there remain many underground pipes that are spilling radiation out to sea.  These problems and others have created the mounting fears that Japan will be unable to sustain any sort of recovery in the long run.  There are so many unknown factors that everyone is sitting back, watching and waiting to see whether or not Japan can fix this problem.  The long-term social and psychological as well as health problems are not even close to being realized by Japan yet.

The nation of Japan has a lot of work to do, luckily with the global community behind it the country should not have too much difficulty fixing some of their problems.  However a full recovery will not be easy or forthcoming any time soon, the JPY is in for some dark days ahead on the online forex exchange and will certainly rise against other majors.  China and the United States are going to have to step in for Japan and pick up much of the slack in the country financially or face the failure of the world’s second largest economy.

Author is a Forex trader and financial analyst residing in Denver, Colorado.  To stay up to date on all the latest developments in the financial world and beyond be sure to check out online forex trading regularly.
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Top-level comments on this article: (1 total)
» left by David Tanguay
 1 year 23 days ago.
186 fans.
Thanks for this article James, yes Japan needs our help to recover from this catastrophe.
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