Soldato
- Joined
- 4 Nov 2002
- Posts
- 2,982
- Location
- England - Leeds
Japan Update: It’s Much Worse than it Looks
Posted by: madhedgefundtrader @ http://www.zerohedge.com/article/ga...nwind-ibaraki-disclosed-30-times-above-normal
Post date: 03/15/2011 - 12:00
Japan is back in recession. The incoming tide just brought in 2,000 bodies. Most major companies, including Toyota, Nissan, Honda, and Sony have shut down all domestic production. Tokyo’s subway system is closed, stranding 25 million residents there. Electric power shortages are a huge problem. Half the country’s nuclear generating capacity is now down. 20,000 expatriates waiting at Tokyo’s Narita airport as foreign companies evacuate staff to avoid a nuclear meltdown. $187 billion worth of credit intervention to “save Japan.”