Economic impact of earthquake in Japan - WKOW 27: Madison, WI Breaking News, Weather and Sports

Economic impact of earthquake in Japan


JAPAN (WKOW) -- After falling more than 6 percent Monday, Japan's Nikkei stock index nose-dived nearly another 11 percent Tuesday as the tsunami-ravaged county deals with a growing nuclear crisis.

Concerns about Japan's ability to bounce back from the unprecedented earthquake, and the tsunami and nuclear crisis that followed, is rattling world markets. The impact on the world's third-largest economy, is leading to broad sell-offs in stock markets in Europe and the U.S. Production of Japanese consumer products ranging from video games to the popular Toyota Prius have been hurt by the natural disasters, but economists aren't yet certain how deeply the disaster will impact the U.S. economy.

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