While we are not economists, our immediate thought about Japan is this: it will cause Japanese pocketbooks to open. Sometimes it takes a seismic change to shift behavior. If anything, the Keynesian policies of the Japanese intelligensia have failed to stimulate domestic consumer demand. This earthquake may have suddenly, and irrevocably, altered that equation. Once the nuclear hysteria has passed (and we pray it will) Japan might rise from its artificially-enhanced recession. They will have no choice but to spend heavily, and, once the rubble clears, invest.
We say Amaterasu is smarter than any animal spirit. That is why she might be telling Keynes to ship off the island and let the Japanese regain their equilibrium. What do we know?
God Save japan Plz.
Its time to pray for them.