Japan Earthquake

Mar 14th, 2011, in Featured, News, by

Some of the local reactions to the Japan earthquake and tsunami tragedy; worries about economic impact on Indonesia.

Obviously the following notes are trivial compared to the tragedy but on an Indonesia focused site....

Via JP

Indonesia’s exports and imports with Japan may be impeded by the recent massive earthquake and tsunami that resulted in damaged infrastructure in mainly coastal parts of the archipelago.

Japan is the country’s number one export destination for non-oil and gas products, accounting for nearly 13% of overall exports, or $16.5 billion in 2010.

In a similar vein, Edy Putra Irawady, deputy for industry and trade to the coordinating minister for economic affairs, said Indonesian companies should look elsewhere:

So exporters, importers and business world alike should be patient or switch to new markets other than Japan

He also worried that the massive Japanese investment in Indonesia would decline.

And the minister of Transmigration and Manpower worries that the disaster will limit work opportunities for Indonesian guest workers; there are currently 17,000 Indonesians there, many of them nurses, and Muhaimin Iskandar is fearful that the companies that employ them will go broke or have severe liquidity problems.

On a more positive note the Indonesian Red Cross/Palang Merah Indonesia (PMI) is going to send 7 people to help.


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151 Comments on “Japan Earthquake”

  1. avatar Hannah says:

    I feel really bad for Japan and how much money it’s going to cost repairing.

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