It's estimated that the cost of damage from the giant earthquake and tsunami in Japan could exceed $300 billion. That doesn't include the costs to the economy from lost production. On top of that, Japan faces an ongoing power shortage caused by its nuclear crisis and an already huge government debt burden.
Source: http://www.npr.org/2011/03/30/134987891/can-japan-overcome-economic-hurdles?ft=1&f=1004
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