Although it is not quite appropriate to describe the effects of the earthquake disaster only in terms of economic aspects, as such effects have spread to various areas of people’s lives, I should note that economic activity has fortunately recovered faster than expected.
This is attributed to the remarkable capability of Japanese firms and people to respond to the hardship, as seen in the restoration of supply chain disruptions and measures to address power shortages. Consequently, production and exports, which had plunged immediately after the earthquake, almost recovered to their pre-quake levels this past summer.