United States Says Japan Can Handle Economic Challenges

The United States is positive about Japan’s ability to handle and manage economic challenges brought by the earthquake and devastating tsunami. The country also expects the disaster won’t affect the recovery of the world from economic recession, a spokesman from the White House said on Monday.

Jay Carney, White House spokesman said during a news briefing that the Obama administration has full confidence in Japan to deal with the economic challenges at these extremely difficult times.

At the news briefing, Carney was also asked whether or not President Obama’s economic advisers were worried that the disaster might pull back the world’s recovery from profound economic recession.

Carney answered the government is confident that not only Japan, but the whole world can deal with the crisis and react in a way that is good for Japan and the world.

He added that the resiliency of both Japanese people and Japanese economy are two very important factors in the Asian country’s ability to handle the situation. Therefore, it is also essential that the entire world will work with Japan to deal with it.

The third world’s largest economy has been struggling after the catastrophic natural disaster that hit Japan on Friday. An 8.9 magnitude earthquake near the city of Sendai in Japan triggered a massive tsunami that covered several thousands of homes and establishments. Three power nuclear reactors in Fukushima plant also caused fears of possible meltdown.

But, economists expect that the earthquake will only pull back the already weak economy in a short period, as the impact on global extent appears quite modest.

Categorized | Travel

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