Japan says economy in "severe" condition after disaster-Obaid Mohd

 

 

 

 

 

Japan's economy is in a "severe condition" with no quick recovery in sight following a triple disaster triggered by the March 11 earthquake that has sent service-sector sentiment plummeting the most on record.

 

While Japan  confronts the economic impact of the disaster, it also faces increasing alarm from its neighbours with China  expressing concern at the pumping of radioactive water into the sea from a crippled nuclear plant.

 

China's Foreign Ministry said it would "closely" monitor Japan's actions to end the crisis at the plant, where engineers are battling to contain radiation leaks. It demanded accurate information from Tokyo.

 

"Japan's economy is suddenly in a severe condition due to the effects of the earthquake," it said after releasing a monthly survey of hotel workers, restaurant staff and taxi drivers that showed a record fall in confidence to levels last seen during the depths of the global financial crisis.

 

Japan is facing its worst crisis since World War Two after a 9.0 magnitude earthquake and a huge tsunami battered its northeast coast, leaving nearly 28,000 dead or missing and damaging six nuclear reactors north of Tokyo.

 

(Reuters)

 

http://www.reuters.com/article/2011/04/08/uk-japan-quake-idUSLNE73700W20110408