Death Toll Estimate in Japan Soars as Relief Efforts Intensify

Japan’s $5 trillion economy, which is the third largest in the world, was unbelievably threatened by the 8.9 earthquake, tsunami and recent hazards from the damaged nuclear rectors that leaked radiation. The disaster caused the economy to experience extreme turmoil by death, destruction and homelessness. This terrible catastrophe has left more than 10,000 people dead and millions of people without water, power, heat, or transportation. With all the collective anxiety, Japan’s stock market has seen the worst drop in three years with the main index falling 5.5%. The Bank of Japan put about $86 billion into the economy on Monday because of the worries for the banking and financial systems. The prime minister of Japan has kept a positive outlook on the crisis stating, “If the nation works together, we will overcome”. Since Japan does have such a strong economy, I believe they will in fact overcome this terrible tragedy.