extract from:Nikkei Index hits a five-month low but other...

extract from:

Nikkei Index hits a five-month low but other sharemarkets watch and wait Jared Lynch
March 15, 2011

Yet another perspective.....


But Japan's influence on global growth has waned and it has slipped to the world's third largest economy after being overtaken by China. AMP's chief economist, Shane Oliver, expected the disaster

to have a modest impact on global growth and the Australian economy.

''They have had a recession every four or five years and that really hasn't affected the global economy and it hasn't held Australia back, our economy has been booming. This probably doesn't change that,'' Dr Oliver said. ''It's just another shock to the Japanese economy, which might have a short-term but limited impact on Australia.



"Don't panic Mr Mannering, don't panic".