Does anyone remember what happened when in 2001 hijacked planes crashed into the WTC and other targets on 11th September? I happen to remember it, even though it was almost ten years ago. Not much though, just the news on the tv, how my parents reacted and how i first heard the news on the bus to a soccer training.

What i didn’t remember (though i guessed it was like that), was that the american markets crashed, and the USD fell a lot.

Now compare to what happens now in Japan: three prefectures have been more or less devastated, and was it not for the strict construction and evacuation laws i bet the death toll wouldn’t be as “low” as it is now. There is also a nuclear crisis with a power plant in critical conditions. And yet, the japanese yen is soaring sky high and the stock exchange fell less than the american markets after 9/11.

Japan will stand up from this, and i think the economy will be woken from its slumber once again, at least for a few years.