Problems in Japan may affect Alabama
By Patrick Rupinski Staff Writer
Published: Wednesday, March 16, 2011 at 3:30 a.m.
The devastation that has crippled Japan since Friday's deadly earthquake and tsunami has affected world markets and could impact economies well beyond the Asian nation.
In Japan, many businesses have been disrupted and manufacturing plants have closed as parts of the country remain heavily damaged or without power. Potentially deadly radiation leaks from damaged nuclear reactors have further disrupted lives and commerce, even beyond the naturally devastated areas.
It is still too early to gauge the full worldwide economic impact of the disaster. But the upheaval to Japan's economy could eventually affect Alabama's economy and people in West Alabama.
That's because Japan is the state's fifth largest trading partner. Only Mexico, Canada, China and South Korea have more trade with the state, according to the Alabama Development Office.