Crises in Japan Ripple Across the Global Economy |
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March 20, 2011
In the wake of Japan’s cascading disasters, signs of economic loss can be found in many corners of the globe, from Sendai, on the battered Japanese coast, to Paris to Marion, Ark.
In the wake of Japan's cascading disasters, signs of economic loss can be found in many corners of the globe, from Sendai, on the battered Japanese coast, to Paris to Marion, Ark.
Container ships sit in the Pacific or at docks in Japan, wary of unloading tons of pork and steak because of that nation's fractured electric grid. Any break in the "cold chain" of refrigeration can spoil meat.
LVMH Moët Hennessy Louis Vuitton, the luxury goods maker based in Paris, shut more than 50 of its stores in Tokyo and northern Japan. And Volvo, the Swedish carmaker, was working with a 10-day supply left of Japanese-built navigation and climate control systems.
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