Power cuts are top economic concern in Japan: ADB
April 16, 2011 00:00:00
WASHINGTON, Apr 15: Power cuts are now the greatest threat to apan's economic recovery, the ian Development Bank's top economist said yesterday, as the pain from last month's triple disaster showed few signs of relenting. After initial concerns that the March 11 earthquake and tsunami, coupled with the ensuing nuclear crisis, would wreck Japanese and global manufacturing supply chains, Changyong Rhee said the main fear had become a prolonged power cuts and brownouts. Power cuts "can hurt not just the affected area, but the whole of Japan," Rhee said, pointing to disruptions that could hobble the economy for months to come. - AFP