How+does+the+damage+in+Japan+effect+the+economy+in+Missouri

http://www.nbcactionnews.com/dpp/news/national/economist%3A-earthquake-should-have-limited-impact-in-u.s.

KANSAS CITY, Missouri - A local expert says the earthquake in Japan will have little impact on the U.S. economy.

Soon after the magnitude 8.9 earthquake hit the northeastern coast of Japan some wondered if it would have a global ripple effect. Stephanie Kelton is an associate professor of economics at UMKC. She doesn’t believe it will have much of an impact on the economy here. She points out that stocks are on the rise. "It doesn't seem to have spooked investors here in the U.S. anyway,” said Kelton. The earthquake damaged an oil refinery in Ichihara, which is about 25 miles east of Tokyo. The tanks hold 220,000 barrels of oil. "As long as Saudi Arabia continues to step up production as we see turmoil in other parts of the world, which they've been doing, they really are the swing producer. They are the only country that has any excess capacity at all so they can ramp up when other countries experience problems,” said Kelton. The earthquake shouldn’t have an impact on Toyota exports either. Scott Adams of Adams Toyota says a couple of plants in northeast Japan were shut down this morning but have since reopened.

http://missouriconsumercouncil.org/index.asp

**Japan’s Earthquake Will Hurt USA’s Nuclear Power Program but not the Global Economy**. The earthquake and tsunami that struck Japan last week severely damaged three reactor units at the Fukshima Dai-ichi nuclear site in northern Japan and shut down four reactors at the Fukushima Daini Nuclear Power Station, which is 7 miles south. The crisis forced Japan to declare a nuclear emergency. According to experts, the devastating impact of the earthquake will be felt for years on Japan’s economy and America’s nuclear power industry.

"I think it's a public relations nightmare," said Lake Barrett, a nuclear engineer who served on the U.S. Nuclear Regulatory Commission and at the Department of Energy. The partial meltdown at Dai-Ichi's Unit 1 and potential for meltdowns at other reactors are "major" nuclear accidents, but the fallout will have more dire consequences politically and economically than for public health and safety, Barrett said. The nuclear crisis in Japan could impact the politics of building new nuclear facilities and renewing licenses for existing plants in the U.S. The U.S. has 104 power plant reactors.

Rep. Ed Markey, D-Mass., a member of the House Energy and Commerce Committee, said in a letter to the Nuclear Regulatory Commission that the disaster highlights "both the fragility of nuclear power plants and the potential consequences associated with a radiological release caused by earthquake-related damage." He asked whether U.S. nuclear plants could withstand such an earthquake or tsunami. "Taxpayer dollars should not be spent on reactors that could be at risk of suffering a catastrophic core meltdown in the event of an aircraft strike or major earthquake," Markey wrote. U.S. reactors are designed to withstand earthquakes unique to the seismic activity in their location, said Mitch Singer, spokesman for the Nuclear Energy Institute, representing U.S. nuclear power plants. To date, the most seriously damaged of Japan's 54 reactors has not released radiation at levels that will harm the public. According to Zarathustra W, the Independent Finance and Economics Writer of Also Sprach Analyst, said the 8.9 magnitude earthquake “will not have long-term consequences on the global economy.” He added, “There will be some disruptions on manufacturing productions and many other services. Sony has six plants halted; Toyota has three group factories halted while many more companies are assessing the damages. <span style="font-family: Arial,Helvetica,sans-serif; font-size: 10pt;">Transportation has been temporarily disrupted and some ports have been damaged. This means companies will have trouble getting their products out of Japan even if their productions are not halted. So there are some real major disruptions in terms of economic activities. Although it is very devastating to an economy which is already quite stagnant because of the recession, the negative impact will be short-lived.”

<span style="font-family: Arial,Helvetica,sans-serif; font-size: 10pt;">**Gas Prices Affect How Consumers Buy Cars.** Was $3.40 the magic gas price for Hybrids? Though gas prices have been increasing steadily over the past 6 months, hybrids until recently, have not benefited as consumers continued to shop for less fuel efficient cars, SUVs and trucks. However, once the national average for gasoline broke $3.40 per gallon, the trends began to reverse. <span style="font-family: Arial,Helvetica,sans-serif; font-size: 10pt;">“Typically gas prices have not impacted auto shopping behavior, however recent increases have begun to change online auto shopping behavior,” stated Jason Ezell, President of Dataium. He added, “Consumers have generally only responded to long sustained periods of gas price increases, and then reverted back to prior behavior once they got use to the higher prices. That said, recent rapid increases, combined with news of unrest in the Middle East has clearly turned the tide.” How will consumers react when gas hits $5.00 per gallon? Time will tell!

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<span style="border-collapse: collapse; font-family: Arial,Helvetica,sans-serif; line-height: 18px;">Japan has been shattered by a major 8.9 earthquake and the resultant tsunami. The question that the world is asking right now is whether it could lead to a next major recession? Is the world going to face a next major recession? Are we going to face an economic slump? Will the Japanese tragedy bring the world economy down? What are the consequences of Japanese earthquake? How traders react to crisis in Japan?

<span style="border-collapse: collapse; font-family: Arial,Helvetica,sans-serif; line-height: 18px;">**<span style="background-attachment: initial; background-clip: initial; background-color: transparent; background-image: initial; background-origin: initial; background-position: initial initial; background-repeat: initial initial; border: 0px initial initial; font-size: 13px; margin: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding: 0px; vertical-align: baseline; white-space: normal;"> How Japanese economy affect the world economy. ** ?

<span style="border-collapse: collapse; font-family: Arial,Helvetica,sans-serif; line-height: 18px;"> The Japanese economy third largest in the world with a GDP of per capita GDP was at $32,608. Japan are the major global exporters of cars, electronic devices and computers and the hosts Manufacturing, construction, distribution, real estate, services, and communication industries. The major atomic reactors of these Japan have been shut down and these companies are going to face energy crisis.

<span style="border-collapse: collapse; font-family: Arial,Helvetica,sans-serif; line-height: 18px;"> Japanese economy is also expected to slide after the earthquake. If Japanese economy is to take a beating as it appears now, then these companies will also be affected .Then world economy is sure to take a slump and we could be having the next recession in our door step. Millions of dollars are to be needed in the future for the reconstruction of infrastructure and business.

<span style="border-collapse: collapse; font-family: Arial,Helvetica,sans-serif; line-height: 18px;"> Japanese earthquake. Is the next recession at door? Will Japanese earthquake lead to a next major recession? Is the world going to face a next major recession? Are we going to face an economic slump? Will the Japanese tragedy bring the world economy down? What are the consequences of Japanese earthquake The answer to these questions is -yes, most probably .Remember ,the crashing of some US Banks brought the world to the worst recession since 1930 in 2007.

<span style="border-collapse: collapse; font-family: Arial,Helvetica,sans-serif; line-height: 18px;"> Libya produced only 2% of the world oil and crisis in Libya brought the oil prices to cross the 100 $/barrel mark. The market is dictated by greed and fear. Surely as it seems to me the Japanese earthquakes going to have catastrophic effects on world economy and it may bring it next recession <span style="display: block; font-family: Arial,Helvetica,sans-serif; font-size: 10pt; text-align: center;"> <span style="display: block; font-family: Arial,Helvetica,sans-serif; font-size: 10pt; text-align: center;"> <span style="display: block; font-family: Arial,Helvetica,sans-serif; font-size: 10pt; text-align: center;"> <span style="display: block; font-family: Arial,Helvetica,sans-serif; font-size: 10pt; text-align: center;">