Summary
ZURICH (Reuters) - The devastating earthquake in Japan is unlikely to take a big chunk out of world trade, the head of a trade finance group said at media conference on Wednesday [March 23].
Damage from the Japanese earthquake and tsunami could top $300 billion, dwarfing losses from the 1995 Kobe quake and Hurricane Katrina in 2005. There are also concerns that destruction of factories and infrastructure could disrupt supply chains, particularly for technology parts.See the full content of this document
Extract
Trade Finance Group Sees Small Hit From Japan Crisis
But the chairman of the Paris-based International Chamber of Commerce's Banking Commission said he did no...
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