A crisis, a crisis originating in the Japanese archipelago, is quietly spreading on the earth.
At 4:00 pm on March 11th, 2011, a magnitude 9.0 earthquake occurred in the sea near the east coast of Honshu, Japan. The depth of the earthquake was about 20 kilometers, and the epicenter was about 180 kilometers from Sendai.
About an hour after the earthquake, the tsunami struck. More than 10 meters high waves tear up the coast of northeastern Japan beyond recognition.
If the "nuclear crisis" drags down the global economic recovery if it is only an earthquake, if it is only a tsunami, it is not terrible. The scary thing is that the disaster did not end there. The earthquake and tsunami released a specter of chilling humanity, triggering a rare "nuclear crisis" in recent decades in the world. The Fukushima nuclear power plant may have been written as a historical term into the history of human social and economic development.
Of course, the brunt of this is the blow to the human heart. After the financial crisis, the global economy is undergoing a slow but firm recovery process. At this time, if there is a slight sign of trouble, it is likely to plague people’s confidence in economic recovery. Confidence, as Premier Wen Jiabao said: "Faith is like the sun, full of light and hope."
Second, it is to trigger humans to reflect on energy policies or to say nuclear energy directly. The nuclear accident at the Fukushima nuclear power plant is being processed. How large will it be for the Japanese archipelago and its surrounding areas? It is too early to draw conclusions, but it once again put the issue of nuclear safety before the entire humanity. Although many governments in the world have stated that they will not “kill nuclear weapons on a daily basis†and will learn lessons from continuing to develop nuclear energy, after all, many countries and regions have already exercised vigilance: The European Union will conduct stress tests on nuclear power plants and Germany temporarily shut down seven old ones. The old nuclear power plant and the Chinese government have also announced that they will comprehensively review the nuclear power plants under construction and suspend approval of nuclear power projects including projects that have already carried out preparatory work.
It should be said that in the long term, the Fukushima nuclear accident could not stop the pace of mankind’s peaceful use of nuclear energy. However, doubts about nuclear safety in the future will have a significant impact on the energy market.
At present, the market has already predicted that Japan will shift more energy demand from nuclear power to natural gas, and the price of natural gas and oil prices have already reacted. Coupled with instability in the main oil-producing areas of West Asia and North Africa, the impact of this round of high oil prices on the global economic recovery will reach a level, this fashion is difficult to predict.
The global inflation risk exacerbates the shock wave in Japan. The first shock is of course the Japanese economy. On March 15, the Nikkei index fell by 10.55% due to the spread of nuclear radiation. In the global foreign exchange market, on March 17, the US dollar exchange rate against the Japanese yen once reached 1 US dollar against 76.32 yen, closing at 1 US dollar against 79.75 yen, a record high for 16 years. Forcing the Bank of Japan to immediately announce an increase of 5 trillion yen, purchase of Japanese government bonds and risky assets to stabilize the yen exchange rate, and the central bank of all G-7 member countries jointly decided on March 18 to immediately join hands to intervene in the exchange rate of the yen.
Japan's further release of liquidity has inevitably increased its fiscal deficit and exacerbated global inflation risks. Coupled with the Japanese government's post-disaster reconstruction plan, some economists have predicted that the rise in commodity prices has been inevitable, especially the two representative commodity varieties of steel and energy, and the transmission of inflation to Other parts of the world. In Japan, the measures of restricting electricity flow in the aftermath of the disaster and the sluggish supply chain are restricting production, and the reduction in the workload will lead to a drop in Japanese income, which in turn will force them to reduce consumption, which will further reduce domestic demand in Japan. This also means that Japan in the aftermath of disasters may also be the first to welcome deflation.
China is Japan's third-largest trading partner for China, which is affected by Japan’s trade with Japan and is affected by a watery neighbor. In the short term, it will certainly increase the export of daily necessities like fresh vegetables, aquatic products and textiles to Japan. The coastal area in the northeastern part of Japan, where the disaster has been most severely affected, is also a densely developed area of ​​manufacturing industries such as automobiles, steel, and high-end electronic parts and components in Japan. As Japan is in a high-end position in the global industrial chain, its temporary disruptions in exports of auto parts and chips will affect the supply chain of companies. Japanese electronic products and automotive products in China will likely experience price fluctuations. Longer production cycle. As for whether the damaged enterprises in the earthquake will initiate a new round of industrial shifts overseas, whether China is a suitable layout location requires further observation and consideration.
At 4:00 pm on March 11th, 2011, a magnitude 9.0 earthquake occurred in the sea near the east coast of Honshu, Japan. The depth of the earthquake was about 20 kilometers, and the epicenter was about 180 kilometers from Sendai.
About an hour after the earthquake, the tsunami struck. More than 10 meters high waves tear up the coast of northeastern Japan beyond recognition.
If the "nuclear crisis" drags down the global economic recovery if it is only an earthquake, if it is only a tsunami, it is not terrible. The scary thing is that the disaster did not end there. The earthquake and tsunami released a specter of chilling humanity, triggering a rare "nuclear crisis" in recent decades in the world. The Fukushima nuclear power plant may have been written as a historical term into the history of human social and economic development.
Of course, the brunt of this is the blow to the human heart. After the financial crisis, the global economy is undergoing a slow but firm recovery process. At this time, if there is a slight sign of trouble, it is likely to plague people’s confidence in economic recovery. Confidence, as Premier Wen Jiabao said: "Faith is like the sun, full of light and hope."
Second, it is to trigger humans to reflect on energy policies or to say nuclear energy directly. The nuclear accident at the Fukushima nuclear power plant is being processed. How large will it be for the Japanese archipelago and its surrounding areas? It is too early to draw conclusions, but it once again put the issue of nuclear safety before the entire humanity. Although many governments in the world have stated that they will not “kill nuclear weapons on a daily basis†and will learn lessons from continuing to develop nuclear energy, after all, many countries and regions have already exercised vigilance: The European Union will conduct stress tests on nuclear power plants and Germany temporarily shut down seven old ones. The old nuclear power plant and the Chinese government have also announced that they will comprehensively review the nuclear power plants under construction and suspend approval of nuclear power projects including projects that have already carried out preparatory work.
It should be said that in the long term, the Fukushima nuclear accident could not stop the pace of mankind’s peaceful use of nuclear energy. However, doubts about nuclear safety in the future will have a significant impact on the energy market.
At present, the market has already predicted that Japan will shift more energy demand from nuclear power to natural gas, and the price of natural gas and oil prices have already reacted. Coupled with instability in the main oil-producing areas of West Asia and North Africa, the impact of this round of high oil prices on the global economic recovery will reach a level, this fashion is difficult to predict.
The global inflation risk exacerbates the shock wave in Japan. The first shock is of course the Japanese economy. On March 15, the Nikkei index fell by 10.55% due to the spread of nuclear radiation. In the global foreign exchange market, on March 17, the US dollar exchange rate against the Japanese yen once reached 1 US dollar against 76.32 yen, closing at 1 US dollar against 79.75 yen, a record high for 16 years. Forcing the Bank of Japan to immediately announce an increase of 5 trillion yen, purchase of Japanese government bonds and risky assets to stabilize the yen exchange rate, and the central bank of all G-7 member countries jointly decided on March 18 to immediately join hands to intervene in the exchange rate of the yen.
Japan's further release of liquidity has inevitably increased its fiscal deficit and exacerbated global inflation risks. Coupled with the Japanese government's post-disaster reconstruction plan, some economists have predicted that the rise in commodity prices has been inevitable, especially the two representative commodity varieties of steel and energy, and the transmission of inflation to Other parts of the world. In Japan, the measures of restricting electricity flow in the aftermath of the disaster and the sluggish supply chain are restricting production, and the reduction in the workload will lead to a drop in Japanese income, which in turn will force them to reduce consumption, which will further reduce domestic demand in Japan. This also means that Japan in the aftermath of disasters may also be the first to welcome deflation.
China is Japan's third-largest trading partner for China, which is affected by Japan’s trade with Japan and is affected by a watery neighbor. In the short term, it will certainly increase the export of daily necessities like fresh vegetables, aquatic products and textiles to Japan. The coastal area in the northeastern part of Japan, where the disaster has been most severely affected, is also a densely developed area of ​​manufacturing industries such as automobiles, steel, and high-end electronic parts and components in Japan. As Japan is in a high-end position in the global industrial chain, its temporary disruptions in exports of auto parts and chips will affect the supply chain of companies. Japanese electronic products and automotive products in China will likely experience price fluctuations. Longer production cycle. As for whether the damaged enterprises in the earthquake will initiate a new round of industrial shifts overseas, whether China is a suitable layout location requires further observation and consideration.
Ningbo Kyson Cool Electronic Technology Co., Ltd. , https://www.zjkysoncool.com