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Impact on Japanese Economy After Earthquake and Tsunami; Update

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Continue from the articleImpact on Economy after Japanese Earthquake, Tsunami (written on March, 11 2011)
Tokyo Tower, by Sebastien Batardy
March 11, 2011. Now many Japanese consider this day as the black day. The worst day after the nuclear attack on Hiroshima and Nagasaki by the Americans in 1945.
March 11 was the date when Japan was recovering from last year’s economic trouble, everything was going on peacefully with several deals and treaties with western world, India and Russia, Japan was moving ahead, but an 8.9 magnitude earthquake which was later corrected to 9 magnitude on richter scale jolted Japan damaging life and property. Rest was swept away by the triggered tsunami.
But the disaster didn’t stop here. Just after few hours and days of everything which happened reports started coming up of a minor explosion in a nuclear reactor in Fuskushima. Earlier the government tried to cover up the matter, telling the public everything is normal and there is no need of panic. But when the government opened itself and released the news, it was late. This nuclear incidence has now been declared as the highest level emergency on par with Chernobyl Disaster.

“It is now understood that the the impact on the economy of Japan due to the earthquake is much more than how it was expected earlier”, said Kaoru Yosano, Minister for Economic and Fiscal Policy.

According to a recording of a meeting held last month, central bank officials refrained from any discussion on new economic stimulus measures.

Business confidence in the trade sector registered the largest decline in March, since the government began recording this data in 2000.

According to the Analysts of Capital Economics, in the year 2011, Japan’s economy will shrink by 1.5%.


In the month of March, the government of Japan estimated that the impact of the earthquake and tsunami on their economy is as huge as 25,000 billion yen, that is Japan has lost 297.8 billion US dollars in this disaster last month itself. 
In a response, many politicians have been prompted to seek the formation of an economic stimulus package of 20,000 billion yen (or, 238.2 billion US dollars) to bring Japan out of this trouble.

Japanese companies have started liquidating foreign holdings, that is to sell foreign asset and buy more yens, in order to generate capital to pay for the reconstruction work.

Auto manufacturer, Toyota and major electronics manufacturer, Sony, and other foreign countries having their plants in Japan have halted their production. That is a loss to the company as well as the government of Japan.

Toyota and Sony have halted their work. The workers from the plants have been evacuated and international officers and employees have been sent back to their home country for their safety.
29%  of Japan’s electricity comes from these nuclear power plant which have been shut down for safety. Now when Japan is short of 1/4th of its electricity, the progress work has been affected a lot. 
Japan, the third largest economy in the world will come out of this economic disaster soon. This is the hope and prayer of every individual in this world.

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Sanskar Shrivastava is the founder of international students' journal, The World Reporter. Passionate about dynamic occurrence in geopolitics, Sanskar has been studying and analyzing geopolitcal events from early life. At present, Sanskar is a student at the Russian Centre of Science and Culture and will be moving to Duke University.

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5 Main Advantages of Colocation Hosting for Your Business

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Your organization requires a data center business plan if it is going to move forward to expand smoothly. Thus, you must look at your IT needs and decide what is to come so that your business can grow. If you are not sure whether outsourcing to a colocation facility is right for your organization or not, read on to learn what to consider.

1. Many Connectivity Options

Rather than building a private data center, which is a major capital expenditure, many companies choose a migration of their data instead. The range of connectivity choices available makes colocation a great choice in several cases, particularly if expanding the company’s infrastructure is necessary. Rather than laying down and integrating expensive cables, it is often more budget-friendly to use colocation facilities that easily connect to leading providers of internet services, network services, and more.

2. Scalability

When your current data solution is no longer enough, then it is time to consider scaling the IT infrastructure so that your business can continue to grow. Using a colocation provider allows you to agree together on service terms that allow you to scale services as necessary. If you’re interested in this scalable solution, check this page out for more information.

3. Less Downtime

A big benefit of colocation hosting is less downtime. An outage is costly for any company because it means less work is being done then, which equals fewer sales. Significant work must go into catching up on operations afterwards too. Thankfully, colocation data centers reduce downtime and maintain hardware because they have many supports, including different power sources and physical security.

4. Data Security

This point is essential. Your business has data that you need to ensure is secure for your customers and for the organization generally. Keeping patented data out of competitor hands is important, and you have an ethical obligation to your customers to safeguard their personal details too. Thankfully, colocation data centers have cutting-edge security measures in place. The colocation facility also has many policies that align with compliance regulation for various types of data, which means you won’t have to worry that you are vulnerable to lawsuits.

5. Lower Costs

Finally, colocation reduces costs in many ways for your growing organization. For example, you will save money as you will consume much less power after the relocation. Not only that, but you won’t have to own and operate hardware for networking because that is taken care of by the trusted colocation provider.

Deciding to Make the Move to Colocation Hosting

If your business has complex needs for an internet infrastructure, colocation can offer significant benefits, including saving money, state-of-the-art security methods, and scalability. It’s nice not to have to worry about infrastructure anymore too.

When your business moves to a colocation data facility, you can then focus on daily operations and an expansion strategy, rather than spending time managing an on-site data center. You can spend your time efficiently by outsourcing in this way, which makes it a successful part of building your company’s future.

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4 Ways To Improve Business Technology Management

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Notebook work with statistics on sofa business
Notebook work with statistics on sofa business

Technology can improve your business in so many ways, but a lot of business owners don’t see the full advantage because they are not using it in the right way. It’s important to recognize that investing in technology is not enough, you need to make sure that you are using the right tech for your business and you are managing it in the right way. Failure to manage technology properly can lead to increased security risks and even a drop in productivity. If you don’t have a coherent system for managing your business technology, here are a few important tips to help you get more out of your technology.

Take Advice From IT Consultants 

There are so many amazing pieces of business software out there that can help you to streamline things, boost productivity, and save money. However, some pieces of software won’t really be that useful to your business and you can easily end up paying for features that you will never use. Many business owners make the mistake of spending a lot of money on software that doesn’t improve their business because they are taken in by a good sales pitch. That’s why it’s a good idea to take advice from an IT consultant because they will know which applications are going to benefit your business. They will also help you to implement that technology in the right way so you can take full advantage of it. 

Use A Mobile Device Management System

A mobile device management (MDM) system makes it so much easier to manage all of the devices in your business and perform vital updates. Here is an overview of mobile device management features and how they can benefit your business. By having all laptops, tablets, and other devices connected to a central management system, you make it easy for your IT team to push out updates, implement new software, and carry out routine maintenance. 

Understand How Technology Impacts Your Business

Implementing technology without a clear idea of why you are doing it and how it improves your business will usually lead to waste and possibly a drop in productivity. It’s important that you know how technology affects your business in a tangible way. How will new software improve things for your employees on a daily basis? Will it save you money? Is there a cheaper alternative? By answering these questions, you can ensure that you are only investing in technology that actually has value.  

Choose Compatible Applications 

When you are choosing new business applications, you need to consider how well they will work with the existing business technology that you are using. It doesn’t matter how many amazing features a piece of software has if it doesn’t work seamlessly with the rest of the software that you rely on. If you want to get the most out of your business technology and avoid any productivity issues, you need to have a clear systems integration process in place. This allows you to bring all of your independent applications together into a cohesive system, so everything works seamlessly together. 

Managing your business technology properly is vital if you want to take full advantage of it, so make sure to follow these tips.

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How To Reopen Your Restaurant After Lockdown

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It seems like lockdown is going to be lifted a little earlier than economists may have predicted. This is great news but it presents a challenge for your retail businesses; especially restaurants. How do you get people back to your establishment without spooking them? It’s all about bolstering their confidence in your health and safety procedures while marrying this narrative with a ‘back in business’ approach. Use alluring visuals to entice customers to your restaurant and reassure them with the help of your staff. There are also some tried and true marketing tactics you should be using and slowly building up the confidence of the locals.

Train your staff

Although lockdown will be lifted soon, you still need to retain your staff to be conscious of COVID-19. It’s not a good idea to act like nothing ever happened and just carry on. Retrain your employees i.e. waiting staff to be extra courteous and careful when interacting with customers. Tell them not to touch them and don’t wipe your face or nose in their presence. Your waiting staff as well as the managers for that matter should be carrying wet wipes or antibacterial wipes that they can use to clean their hands. Wearing face masks may be something you don’t want to do because it sends the wrong signals, but it’s something you may need to do. So give your staff PPE like plastic see-through gloves, face masks and aprons if need be.

Reassuring signs

Place a sanitizer bottle on every single table; including those that are outside. Something as simple as a blackboard sign with chalk writing that reads, “all staff have been tested and are clear of the virus” would really reassure some worrisome people. You should also place signs outside and inside your restaurant that instruct customers to be careful and courteous of each other’s space and health. Signs such as ‘don’t shake hands’ or ‘cough/sneeze into your elbow’ would go a long way into showing customers, you’re not letting anyone get away with poor hygiene standards. 

At arm’s length

You want to minimize as much risk as possible, but waiting staff are supposed to be hospitable and interact with customers. One way you can make everyone’s lives easier is by using a smartphone card swiper. People who use Samsung Pay or other electronic accounts via their smartphones, to pay for their goods, can make transactions without touching your staff. They won’t be passing any contaminated real money either, which would rapidly spread germs around the restaurant. The system can also read credit cards too, so non-touch payment technology is really something you should have in your business. 

Back to basics

Restaurants have always used chalkboards and standing signs to attract business. Go back to basics and just write what your specials are, what your breakfast menu looks like and any discounts you might be doing. The more normalcy and less panic, in your brand tone, the quicker customers will flock back to your business. 

It’s been a rough few months for restaurants. Part of the excitement of eating out is being among company. It’s time to slowly but surely, reopen and use these strategies to reassure, inspire confidence and get people back to booking tables again. 

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