Inside these posts: Tsunami

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Moody’s: Japan woes may hit investor confidence

Japan’s devastating earthquake and tsunami may accelerate the point at which investors potentially lose confidence in the country’s finances, Moody’s Investors Service said on Monday. Get the full story »

Tech companies in Japan react to tsunami

Technology companies Friday were assessing the impact of the Japanese earthquake on component supplies and on their local plants, staff and sub-contractors, with most saying it was too early to give more details.

The 8.9-magnitude earthquake struck northern Japan, causing deaths and damage to the northeast and panic as far south as Tokyo, with an ensuing tsunami devastating coastal areas.

Japan is a major exporter of electronic goods and chips. The total global semiconductor market alone is worth around $298 billion, with Japan contributing around 24 percent to that total and Taiwan 30 percent, according to data from U.K.-based semiconductor market research firm Future Horizons. Europe, meanwhile, accounts for only 8% of global semiconductor production, meaning the region is largely dependent on Asian imports. Japan exports half of the semiconductors it produces. Get the full story »