The economic impact of the quake-tsunami that pulverized the Japanese economy will largely depend on who ultimately pays for the massive reconstruction efforts, according to an analyst.
Besides aid from countries like China, US, Britain, relief pours in for Japan from big names of the tech and entertainment world including, Apple, Google, Lady Gaga and more.
Videos of a massive black sludge inundating an expanse of agricultural land in northern coast of Japan carrying with it houses, cars, ferries and everything that crossed its path failed to capture the human misery the devastating earthquake has left in its wake.
The Bank of Japan (BOJ) said on Monday it will increase the size of the asset purchase program from five trillion yen to 10 trillion yen and promised to inject additional liquidity into the financial system battered by the triple whammy of a disastrous earthquake, a tsunami and an unfolding nuclear crisis.
Brent crude touched a two-week low near $111 on Monday, down by nearly $3 on investor pessimism that economic growth will slow after Japan's earthquake and tsunami, while easing unrest in the Middle East threw the focus back onto ample oil supplies.
Brent crude touched a two-week low near $111 on Monday, down by nearly $3 on investor pessimism that economic growth will slow after Japan's earthquake and tsunami, while easing unrest in the Middle East threw the focus back onto ample oil supplies.
A new blast occurred at Japan's Fukushima Daiichi nuclear power complex on Monday, after a massive earthquake and tsunami struck the world's third largest economy.
The Bank of Japan (BOJ) said on Monday it will increase the size of the asset purchase program from five trillion yen to 10 trillion yen and promised to inject additional liquidity into the financial system battered by the triple whammy of a disastrous earthquake, a tsunami and an unfolding nuclear crisis.
U.S. stocks ended higher on Friday led by gains from oil refiners after the earthquake disrupted Japan's refining capacity and equipment makers advanced on expectations for increased demand from rebuilding efforts.
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.7 percent and Nasdaq 100 futures down 1.1 percent at 0912 GMT (5:12 a.m. ET), as investors fretted about the impact of Japan's devastating earthquake and tsunami.
Stock index futures fell on Sunday as investors reacted to the worsening situation in Japan.
The Bank of Japan eased its ultra-loose monetary policy further on Monday by expanding its asset-buying programme while keeping rates on hold.
Japan's central bank doubled its asset buying scheme to 10 trillion yen and supplied record funds to banks on Monday to shore up confidence in the economy hit by a triple blow of a massive quake, a tsunami and a nuclear emergency.
Global companies from semiconductor makers to shipbuilders faced disruptions to operations after the earthquake and tsunami in Japan destroyed vital infrastructure and knocked out factories producing everything from high-tech components to steel.
Six and a half decades after the atomic bombings of Hiroshima and Nagasaki during the second world war, a powerful earthquake plunged Japan into another nuclear crisis. Start the slideshow to see photos:
A compilation of latest videos of the Japan tsunami, ranging from the footage captured by local witnesses to media outlets.
Asian firms from semiconductor makers to shipbuilders faced the risk of disruptions to their operations after the earthquake and tsunami in Japan destroyed vital infrastructure and knocked out factories producing everything from high tech components to steel.
Seven out of the top ten positions in a ranking of global universities by Times Higher Education according to their reputation and perception among academics were bagged by universities in the U.S., with Harvard emerging on top.
Shares in Asian companies tumbled on Monday after the massive earthquake and tsunami in Japan that likely killed more than 10,000 people.
Brent crude fell by almost $3, reaching a two-week low near $111 on investor pessimism that economic growth will slow in the wake of Japan's earthquake and tsunami, while easing unrest in the Middle East threw the focus back onto ample oil supplies.
The Bank of Japan is expected to discuss easing monetary policy further at its rate review on Monday, sources familiar with the matter said.
Japan's equity futures fell 6 percent on Monday as investors took stock of the economic damage from the massive earthquake and tsunami that devastated the country's northeastern region.
