Japan Back in Recession After the Tsunami and Earthquake

The world's third largest economy, Japan, slid back because of the damages that were made by mother nature. However, now Japan is back to recovery and came back in recession. The gross domestic product shrank 0.9% throughout the 3months and the exports were the worst. The contraction for the 3months were unexpectedly high. However, the most worry is about the private consumptions because the private comsumptions consume 60% of the economy and after the tsunami and earthquake, consumers stopped buying supplies and equipments. Trade in Japan is the second component in their economy. After the tsunami and earthquake the trade rates went down in a snap. Japan's trade went down 34.3% in March. It devasated the exports and increased the cost in imports. The bank pumped out billion dollars out of the safe to the financial system to balance the economy. Atleast, Japan is now stabilized and going back normal.