Japan?s Industrial Heart Escapes Heaviest Blows
By STEVE LOHR
March 11, 2011
As bad as the toll might eventually be in lives and property from Japan?s earthquake and tsunami, the fact that the disaster hit far from Japan?s industrial heartland will at least soften the economic blow, both at home and abroad.
The epicenter was in and around the coastal city of Sendai, nearly 200 miles northeast of Tokyo, the nation?s population center, and well north of Japan?s primary manufacturing region running from Nagoya to Osaka and farther south and west.
?If this had been a couple hundred miles to the south, the economic and human toll would have been almost incomprehensible,? said Marcus Noland, a senior fellow at the Peterson Institute for International Economics. ?In that respect, Japan dodged an enormous bullet here.?
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