{"id":309943,"date":"2011-03-15T01:55:50","date_gmt":"2011-03-15T01:55:50","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/15\/japan-shares-slump-for-second-day\/"},"modified":"2011-03-15T01:55:50","modified_gmt":"2011-03-15T01:55:50","slug":"japan-shares-slump-for-second-day","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/","title":{"rendered":"Japan shares slump for second day"},"content":{"rendered":"

\n \t\t
\n 14 March 2011<\/span>
\nLast updated at <\/span>21:55 ET<\/span>
\n<\/span><\/p>\n

Continue reading the main story<\/a><\/p>\n

\t<\/p>\n

\t<\/p>\n

Japanese shares have fallen for a second day as investors worry about the impact of the earthquake and tsunami.<\/p>\n

The main Nikkei 225 index was down 6% in Tuesday trading. On Monday it finished 7% lower, the biggest one-day drop since 2008. <\/p>\n

The broader Topix index was also lower on Tuesday, declining 7.3%.<\/p>\n

Investors are worried the disaster may have an impact on domestic and global growth at a time when nations are recovering from the financial crisis. <\/p>\n

Japan is the world’s third-largest economy and one of its main exporters and consumers. <\/p>\n

According to some estimates, the devastation caused by Friday’s deadly earthquake and subsequent tsunami is expected to cost Japan $180bn (\u00a3111bn) in reconstruction and recovery. <\/p>\n

That is 50% higher than the cost of rebuilding after the 1995 earthquake in Kobe. <\/p>\n

There are concerns that the increasing cost of rebuilding will add further to Japan’s debt levels. <\/p>\n

Japan has the highest public-debt levels in the industrialised world.<\/p>\n

Last month the country’s debt rating was downgraded on concerns that it was not doing enough to address the issue. <\/p>\n

\n\tContinue reading the main story<\/a>\t<\/p>\n

\u201cStart Quote<\/span><\/h2>\n
\n

In the situation where the crisis appears to be worsening, foreign investors, domestic fund operators, are pulling out from Japanese shares\u201d<\/p>\n<\/blockquote>\n

End Quote<\/span>
\n\tHideyuki Ishiguro<\/span>
\n\tOkasan Securities<\/span><\/p><\/div>\n

At the same time, analysts have forecast that the quake could knock off as much as one percentage point from Japan’s gross domestic product.<\/p>\n

Nuclear fears<\/span><\/p>\n

The Fukushima Daiichi nuclear plant in Japan was hit by another explosion on Tuesday morning.<\/p>\n

This is the third blast in four days, amid fears of a meltdown.<\/p>\n

Nuclear power is the biggest source of electricity in Japan, accounting for 29% of national supply.<\/p>\n

There are concerns that the problems with the nuclear reactor may cause further disruption in the country’s power supply.<\/p>\n

Analysts say that is driving investors away from Japan.<\/p>\n

“All focus is on the nuclear crisis,” said Hideyuki Ishiguro of Okasan Securities in Tokyo. <\/p>\n

“In the situation where the crisis appears to be worsening, foreign investors, domestic fund operators, are pulling out from Japanese shares,” he added.<\/p>\n

The impact of the problems in the nuclear reactor are already being felt in the stock markets. <\/p>\n

Power companies were the biggest losers in early trading, with shares of Kansai Electric Power and Chubu Electric Power, which both own nuclear plants, down 13%. <\/p>\n

Shares of Toshiba were untraded on Tuesday as there were no buyers for the stock.<\/p>\n

Toshiba provided several of the reactors at Tokyo Electric Power’s Fukushima plants.<\/p>\n

Shares of Toshiba plunged by more than 16% on Monday. <\/p>\n

The series of explosions and radioactive leaks have spread concern that the company’s nuclear industry sales are likely to fall well short of expectations in the next few years. <\/p>\n<\/p><\/div>\n<\/p>\n

Read this article:
\nJapan shares slump for second day<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

14 March 2011 Last updated at 21:55 ET Continue reading the main story Japanese shares have fallen for a second day as investors worry about the impact of the earthquake and tsunami. The main Nikkei 225 index was down 6% in Tuesday trading<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-309943","post","type-post","status-publish","format-standard"],"yoast_head":"\nJapan shares slump for second day - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Japan shares slump for second day - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"14 March 2011 Last updated at 21:55 ET Continue reading the main story Japanese shares have fallen for a second day as investors worry about the impact of the earthquake and tsunami. The main Nikkei 225 index was down 6% in Tuesday trading\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Japan shares slump for second day\",\"datePublished\":\"2011-03-15T01:55:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/\"},\"wordCount\":480,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/\",\"name\":\"Japan shares slump for second day - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-03-15T01:55:50+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Japan shares slump for second day - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/","twitter_card":"summary_large_image","twitter_title":"Japan shares slump for second day - Ghanamma.com","twitter_description":"14 March 2011 Last updated at 21:55 ET Continue reading the main story Japanese shares have fallen for a second day as investors worry about the impact of the earthquake and tsunami. The main Nikkei 225 index was down 6% in Tuesday trading","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/"},"author":{"name":"","@id":""},"headline":"Japan shares slump for second day","datePublished":"2011-03-15T01:55:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/"},"wordCount":480,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/","url":"https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/","name":"Japan shares slump for second day - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-03-15T01:55:50+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/03\/15\/japan-shares-slump-for-second-day\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/309943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=309943"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/309943\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=309943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=309943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=309943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}