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Geithner: U.S. focused on human costs of Japan disaster
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WASHINGTON |
WASHINGTON (Reuters) -Treasury Secretary Timothy Geithner said the United States' focus on Japan is to help it limit the human costs of last week's earthquake and tsunami.
Geithner, answering questions before a House of Representatives appropriations subcommittee, said it was too early to tell what effect Japan's catastrophe would have on U.S. recovery.
"It a hard judgment to make at this stage. Our focus now is, as it should be, on trying to do as much as we can to help them mitigate the humanitarian costs of the catastrophe there, and we'll offer them every assistance we can and help make sure that the restructuring effort itself is handled as carefully as possible."
(Reporting by David Lawder; Editing by
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As a top leader of the economic policies of our country, he should instinctively be worried about the dire consequences of the recent nuclear radiation leaks, which raise the economic concerns to unprecedented levels for Japan. Already, many countries that are major importers of Japanese agricultural products are starting to screen all Japanese imports. It’s foreseeable that most farm products, particularly in its neighboring Asian countries (where residents are fearful about radiation spread to their countries) will avoid buying any Japanese food and farm products, as well as any exports that might be contaminated.
The tourists industry is over for at least a year. Nobody wants to visit a country with low level of radiation, after even Tokyo is experienced multiple times the normal level. In other cities, the radiation level is raised dozens and hundreds of times, despite what the Japanese government consider as safe.
The only people who continue to root for Geithner are those heavily invested in Wall Street– those who fattened up from the last 2 years.
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