This was due to the following factors: (1) production activity fell significantly nationwide due to the physical damage caused by the earthquake and tsunami to production facilities and the  6  BIS central bankers’ speeches  distribution infrastructure as well as the disruption of supply chains in the manufacturing sector, especially in the automobile industry; (2) the nuclear power plant accident led to electricity shortages, which affected both manufacturing and non-manufacturing industries; and (3) consumer sentiment weakened as a result of voluntary restraint following the disaster and the problem of radiation due to the nuclear power plant accident.
Yuba Raj Khatiwada: SEACEN – enhancing collaboration with other global financial stakeholders Response address by Dr Yuba Raj Khatiwada, Governor of the Central Bank of Nepal and Chairman of the SEACEN Board of Governors, at the 50th SEACEN Governors’ Conference, Port Moresby, Papua New Guinea, 20 November 2014.