Japan Disaster Affects The World's Economy

The huge disaster that happened in Japan is making a bad impact on the country, and all on the world. Japan stock markets decreased more than 5 percent today as the country is trying to rebuild. The concerns about nuclear safety is also in the mind of the nation. The first day of work since the quake hit Japan the central Bank had to work a lot harder to keep the economy on track. Japan's bank announced a record of $183.8 billion into money markets in an attempt to keep the country’s financial system stable and its trading system functioning. In my opinion the world is really affected because Japan is not a little country but they are world’s third-largest economy and when they are affected by something like a disaster not only they are affected but the world is.

China raising interest rate again

On Thursday for the fourth time in 6 month China raised interest rate. The one-year lending rate rose by the same  amount, to 6.31 percent. The latest rate increases was announced on a national holiday when the financial  markets were closed , some analysts believe that it  will be followed by another increase in May.In my opinion raising interest rate is a good thing because it force people to hold more money in  their accounts and makes it very expansive for companies or individuals to borrow money from the bank which would help upward pressure on prices.

The sales of auto increases on March

During the last month for the first time General Motors was outsold by Ford Motor Company. Regardless of the high gasoline prices and the stoppages of production in Japan, new-vehicle sales increased over all. Ford sales rose 16 percent in March from a year ago it reported a 10 percent increase with sold 212,777 vehicles, 6,156 more than G.M.  Chrysler sales also grew up to 31 percent which is very nice. In my opinion the increases of cars sales that was made was very impressive with all the bad thing that is happening in Japan right now an the stoppages of cars production.