2. The economy is directly affected by the downturn.
The earthquake immediately shook the financial, capital and commodity markets, causing the stock market and the yen to fall, the national debt to rise, and the price of crude oil to fall.
Two or three minutes after the earthquake, the Nikkei stock index fell rapidly, closing down 179 points from the previous trading day and closing at 10245.43 points. Seikawa Gang, a stock analyst at Mizuho Securities, believes that from the TV screen, Tokyo and the northern region have been severely damaged, which may trigger panic selling after the weekend.
The exchange rate and bond market have also changed, and the buying in the bond market has increased greatly after the earthquake. After the earthquake, Japan Mutual Securities Co., Ltd. stopped trading in government bonds according to the relevant trading rules, which was the first time that the company stopped trading in government bonds since the opening of 1973.
As the tsunami triggered by the earthquake may spread to other Asian countries, investors have taken hedging actions. On that day, the Asia-Pacific stock market fell across the board, and the electronic trading hours of the new york Crude Oil Futures Exchange dropped rapidly. The April futures price of West Texas Intermediate fell to 1 1 USD on the 0 th Tokyo time.
After the earthquake, the ATMs of banks in Northeast China were shut down in a large area, and it was impossible to withdraw cash. Among them, 130 ATM in the northeast of Mitsubishi UFJ Bank and kanto region cannot be used. Sumitomo mitsui banking corporation provided 654.38 million+yen for victims who lost their bank cards and passbooks in case of emergency. However, the two Japanese stock exchanges, Tokyo Stock Exchange and Osaka Stock Exchange, did not appear serious confusion, and it is expected that the two exchanges will open as usual next Monday. The day-and-night trading of Tokyo Industrial Products Exchange and Tokyo Grain Commodity Exchange, which are engaged in futures trading of gold, oil and other commodities, also goes on as usual.
In addition, all kinds of physical industries in the disaster area, such as manufacturing, automobile industry, steel industry, energy industry (especially nuclear energy and petroleum products), have been directly destroyed, and the direct economic losses are hard to estimate, at least trillions of dollars.
Generally speaking, the negative impact of Japan's economy is quite great, but Japan's sense of crisis is stronger than ours. We must learn from it. Their country has bought seven insurances per capita, so the government has no pressure on the people to compensate, and the aftermath is quite easy to handle. After all, there is an insurance company to pay!