Japan's recovery

Strong yen hampering Japan's post-earthquake recovery

While the economy shows signs of a comeback, one of Japan’s top executives says the strong yen will likely haunt the country’s exporters for years.
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The devastation from last year's earthquake and tsunami will take years to repair (AFP)
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<div style="text-align: left;"> The devastation from last year's earthquake and tsunami will take years to repair (AFP) </div>

Japan’s reconstruction effort since the March 2011 triple disasters has been bearing fruit, according to a group of panellists at the Asian Financial Forum in Hong Kong yesterday, but unsurprisingly the country continues to face hurdles.

The March 11 earthquake, tsunami and ensuing nuclear emergency represented the worst crisis that Japan has faced since the end of World War II. More than 15,800 people have died from the earthquake and tsunami, and the reconstruction costs put added pressure on Japan’s already strained finances, leading the country to compile three supplementary budgets for a total of about 18 trillion $234 billion.

Besides the radiation worries and...

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