Early last week, when we asked readers whether inflation or recession was the bigger threat right now, uncertainty surrounding the emergency in Japan stoked fears of wider regional effects.
Japan has deep economic ties to the rest of Asia in the form of trade, investment, tourism and official assistance, and it is still unclear how the disaster will affect those flows. Nomura, which has produced copious research during the crisis, said in a report on Friday that it does not expect to substantially revise its existing forecasts for Asian economic growth this year.
Some recessionary fears remain, but our readers’ outlook also improved during the week. In...
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