MacroeconomicsHow did the Japanese earthquake affect their economy?IntroductionImagine you lost everything you had. Your possessions, your home, maybe even your family… hard to imagine, right? Well, for some people it has become a reality. When on March 11, 2011, a massive 9.0 magnitude earthquake occurred near the northeastern coast of Japan and Japan was hit soon after by huge tsunami waves, the country was left in destruction. Thousands of people died. Millions more lost their homes and suffered from lack of electricity, water and transport. They were destined to start all over again and we wouldn't blame them if they lost their minds along the way. But they didn't. The Japanese nation stood firm and instead of raging, complaining and crying in despair, the reactions we saw on the news were quite the opposite. It is their disciplined and determined nature that has inspired me and that I think we should all learn from. The Japanese economy clearly suffered from this earthquake, as evidenced by many factors that changed, for example Japan's trade with other countries. This is why the question to ask is: "Should the Japanese government review its budget allocated to investment in social capital to put Japan back on the export frontier?" » This is what I would like to explore further in my dissertation using economic tools. , such as production possibilities curve, demand and supply diagrams, aggregate supply and demand diagrams, export and import analysis, and exchange rate analysis. It is not just because of Japan's role in the global economy that we should be looking at all of this. Also because we can learn from Japan. How much damage was caused to Japan's infrastructure? Relief budget expected to increase GDP by 0.6%: government | Economic and financial news, latest American and international news | Reuters.com. April 27, 2011. The web. December 13, 2011. Conclusion It is obvious that the Japanese government must invest in social capital and that it must therefore review its budget allocated to investment; that they must make it their priority until the country is back on track. With investments in repairing roads and all other transportation systems, investments in power supply and renovation of buildings, Japan will be able to compensate for the loss of export revenue it made during the crisis. Directed by: Dana Hammad; Mahmoud Saadeddin; Gheed Al-Katib.