Cost of Japan's disaster

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How will Japan's economy and the wider global economy be affected by the earthquake and tsunami disaster? Lesley Curwen talks to Tokyo-based investment banker Yuichiro Nakajima from Crimson Phoenix. He thinks the effects on output may be limited, though confidence will be badly hit. Dr Mark Manger from the London School of Economics says the disruption will affect the global supply chain in hi-tech Japanese goods. And Lesley Curwen talks to Gordon Woo, a 'catastrophist' from Risk Management Solutions. He says the cost of last Friday's disaster could outstrip that of the 1995 Kobe earthquake.