Japan downgrades Economic Outlook

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13 April 2011, last updated at 07:19 am the earthquake and tsunami caused widespread damage to Japan's North East coast of the Japanese Government has its assessment of the economy in the wake of the devastation caused by earthquake and tsunami of last month downgraded.

It said key sectors of the economy, including industrial production and exports would suffer.

The decision is that the Government of the evaluation has downgraded the first time in six months.

Monetary Fund (IMF) raised its forecast for Japanese growth cut the international on Monday.

"The economy is weakness recently due to the impact of the earthquake great East Japan shows", the Japanese Government said in your monthly economic report.

"It remains in a grave condition".

Down

The disaster affected many companies, the operations in the North East of Japan, had factories and supply chain blocks to destroy.

Current deficiency caused by the crisis in the nuclear power plant should Fukushima Daiichi in the summer.

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the condition of the economy is not more flat or in a stationary position, but the direction is down "

end quote Shigeru Sugihara Cabinet Office the power loss resulted in roles blackouts, production on some of the largest companies in the country."

The Government has warned, that this deficiency can say the negative impact exports items as manufacturers battle to their production lines back to full capacity reject.

Japan's economy was already before the earthquake and the tsunami hit on 11 March come from the global financial crisis were fighting.

Analysts say the twin natural disasters further back, that set recovery process.

"The condition of the economy is not more flat or in a stationary position, but the direction is down," said Shigeru Sugihara, Director of macro-economic analysts in the Cabinet Office.

Japan is estimated that reconstruction will cost up to 25 trillion yen ($295bn).

Nuclear crisis

The true human costs of the disaster is one month on is still unclear. The official death toll is 13,333, with more than 15,000 people still untreated for. More than 150,000 people have been made homeless.

In addition to the impact is a national mood of self-restraint. In sympathy with the victims, people in other parts of Japan have back on consumption was cut.

One month after the quake, engineers trying still to stop Fukushima reactors from overheating

Prime Minister Naoto Kan urged a return to normality, not for those living in areas affected.

"Let's life normally without in excessive self control." A new future, to build "he said in a televised speech late on Tuesday."

Now workers are crucial in the crippled nuclear power plant Fukushima Daiichi knocked restore tsunami cooling systems through the fight, and one avert large scale release of radiation.

Accommodation, engineers siphoned off 250 tons of highly radioactive run-off water in place storage facilities.

Raised on Tuesday, Japan's nuclear and industrial Agency, seven of the the crisis in the work at the highest level.

The decision reflects the entire publication of radiation on the plant, which is in progress, rather than a sudden deterioration.

Level seven previously only on the disaster at Chernobyl in the Ukraine, where 10 times more radiation emitted was applied in 1986.

Mr Kan said that "step by step the reactors in Fukushima Prefecture, Japan move Daiichi power station in the direction of stability".

There were no fatalities through the holes in Fukushima, and risks to human health are as low enough.