The strong earthquake hit the Japanese economy hard, and the international financial market was widely shaken by the commodity market: the international oil price fell and the gold price rebounded. The strongest reaction in the commodity market is crude oil. Japan is the third largest crude oil consumer in the world, with an average daily consumption of 4.4 million barrels. Due to the lack of domestic resources in Japan, Japan's crude oil is almost completely dependent on imports. Investors are worried that the earthquake will reduce Japan's demand for crude oil. Affected by this, the oil price in new york market fell all the way after the opening of 1 1, with the lowest intraday price hovering around $99 per barrel, with a drop of nearly 4%. The oil price in London market fell to 1 13.84 USD per barrel, which was the first drop in seven weeks. Raymond Kaben, a the New York Mercantile Exchange crude oil trader, said: "The Japanese earthquake will push down oil prices, but it won't last long." He believes that according to past experience, after a huge natural disaster in the world, the initial reaction of oil prices is to fall, but it will rebound in the short term, because the reconstruction process will increase the demand for crude oil, thus pushing up oil prices. The gold market rebounded at 1 1 due to the large-scale selling of crude oil and other commodities, which attracted a lot of safe-haven funds. On that day, the gold price in new york market closed at $0/421.8 per ounce, up by $9.3. Chicago agricultural futures prices fell sharply. Chicago agricultural futures prices fell sharply in June 1 1 because the market was worried that the strong earthquake in Japan might affect food demand. Japan is the largest importer of corn, the second largest importer of wheat and the third largest importer of soybeans in the United States. The most active May contract in the corn market closed at $6.6425 per bushel, down 18.5 cents, or 2.7%. Wheat contract in May fell 2 1.75 cents to 7. 1.875 USD per bushel, a decrease of 2.9%. Soybean contract in May decreased by 265,438+0 cents to close at $65,438+03.345 per bushel, a decrease of 65,438+0.6%. Market participants said that after the news of a strong earthquake in Japan came out, there was a lot of clearance selling in the market, because investors were very worried about the damage to Japan's food demand, especially the corn imported by Japan the most, and the price continued to fall that day. Some traders even think that the demand for corn will be seriously damaged and sell short in large quantities. In addition, the wheat and soybean markets have also been affected, especially wheat. As the US Department of Agriculture raised the ending inventory of wheat in the report on June 5438+00, it brought great downward pressure on the futures price of wheat. Some economic experts predict that this will be the most expensive natural disaster in history, and its impact will not only be on Japan, but also on both sides of the Pacific, the United States and even the global economy. The website feature of American Consumer News and Business Channel points out that the earthquake in Japan and the subsequent tsunami have dealt a huge direct blow to commodity futures and money markets, and more and wider impacts will continue to permeate the American and global economies. Japan after the strong earthquake will have a great impact on the world economy, which is embodied in five aspects. The impact on China's economy should be limited. According to the Voice of China News Night, Japan, as an economy with world influence and one of the engines of this round of currency flooding, what impact will the earthquake have on Japan's domestic economy and what impact will it have on the slowly recovering world economy? The reporter talked with Ye Tan, a financial commentator, and analyzed the impact of the Japanese earthquake on the world economy. Reporter: A strong earthquake of magnitude 8 or above occurred in Japan on Friday. The earthquake had a great impact on the Japanese stock market. The Nikkei may fall by more than 100 points. What impact will the earthquake in Japan have on the whole Japanese economy? Ye Tan: I think this will have a great impact on the Japanese economy. We know that the Japanese economy has been in the process of slow recovery since last year. By continuously issuing its currency, global liquidity is more abundant. If there is no earthquake, the yen may replace the dollar as the main arbitrage currency in the world. However, after such an earthquake, we will find that there are two situations. First, Japanese asset prices began to decline, and second, the yen began to return. It released less liquidity to the world, and began to return to China to start infrastructure construction and post-disaster reconstruction, leading to a trend that global funds may decrease. 20 10 We expect that the yen may beat the dollar to become an arbitrage currency. Since the earthquake in Japan changed this expectation, the US dollar is still the main arbitrage currency. Reporter: We are close neighbors of Japan and have more economic exchanges with Japan. Will the Japanese earthquake have any impact on China's economy? The Japanese earthquake will have an impact on China's economy, but the impact will not be too great. First, China does not have a very open capital product market to let the yen in, so even if the yen returns, it will not have much impact on China. Second, although the trade volume between China and China is relatively high,'s main export destinations are Europe and America. As long as the two export destinations maintain a market balance, the impact on China will not be too great. This situation in Japan will have some psychological impact on China. For example, the China stock market will also fall, and the prices of domestic products may fall, but the long-term impact may not exist.

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