What are Japanese auto manufacturers supposed to do?
In order to serve the Southeast Asian market, have an alternate manufacturing center to plants in Japan which are liable to disruption due to typhoons, earthquakes and the occasional tsunami, and lastly to escape the export-depressing effects of the soaring yen, they invest in a second center.
And it is Thailand.
One would not be farfetched in thinking that at least this year, offerings made to placate the kami and petition them to shower the companies of Japan with prosperity were somehow deeply flawed.
Image courtesy: AFP/Getty Images
Later - The Japan Times has the Kyodo report on the economic disaster (en).
What the drop in crude oil means for Japan
1 hour ago