The costs of the earthquake and tsunami began to come into sharper focus Tuesday as the Japanese returned to work after a three-day weekend and many stores and offices in Tokyo reopened.

While most forecasters expect the global economic recovery will continue relatively unimpeded, the Japanese economy and domestic and foreign brands doing business in the country will surely take a hit from the March 11 earthquake and the tsunami and nuclear crisis that followed. Tiffany & Co. warned Monday that its first-quarter sales in Japan would fall by 15 percent.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus