(22 Mar 2011) SHOTLIST
1. Tilt down from buildings to train tracks
2. Various of trains, including bullet train and local commuter trains
3. Various of commuters walking in street
4. SOUNDBITE (Japanese) Katsuo Nagai, 67-year-old retiree:
"I don't think it will never recover. I just think it will take a long time to heal."
5. SOUNDBITE (Japanese) Kunihiro Sano, 60-year-old worker:
"I think it'll take around 10 years. We don't even know if Tokyo Electric Corporation will even survive."
6. Workers entering office
7. Front desk with sign reading J.P. Morgan
8. Set up shot of Masamichi Adachi, a senior economist at JP Morgan Securities Japan
9. SOUNDBITE (English) Masamichi Adachi, senior economist, JP Morgan Securities Japan:
"In the short term, probably some negative impact could be inevitable, but in the medium to longer term as you mentioned some countries probably feel it is better to locate their factories outside of Japan, so that's probably positive for the emerging Asian countries and I think and I hope Japan's companies strengthen their productivity and so on, and that probably boosts the economic expansion here. Then that will lead to a positive feedback to the Asian economy. That's what I'm expecting."
10. Various of people walking in street
STORYLINE
Amid signs of an economic recovery, Japan on Tuesday clawed back some of the stock market losses inflicted after a massive earthquake struck the country's industrial northeast less than two weeks ago.
The benchmark Nikkei 225 in Tokyo jumped 3.6 percent, or 331.87 points, to 9,538.62, with sentiment buoyed by signs that authorities had stabilised a nuclear complex that was leaking radiation.
Japan's big three auto manufacturers - Toyota, Honda and Nissan - all posted gains amid expectations their operations would slowly ramp up this week after being halted by the quake.
The World Bank has estimated that rebuilding may cost as much as 235 (b) billion US dollars.
Wealthy countries with stable government institutions are especially suited to benefit from reconstruction after a natural disaster - and so are countries with vast international trade and those that can easily raise money.
Japan falls into all those categories. Its own Kobe area recovered unusually quickly from a 1995 earthquake, for example.
Even with the devastation in Kobe, Japan's economic growth more than doubled from 1994 to 1995.
And researchers say the May 2008 quake in the Sichuan province of China led to stronger growth that same year.
The World Bank estimates Japan will spend up to five years rebuilding from the disaster in March. Reconstruction projects contribute to growth by putting people to work.
Economies also benefit as damaged roads, ports, buildings and equipment are replaced.
And typically, they are replaced with more efficient structures that help expand the nation's productivity and growth.
Masamichi Adachi, a senior economist at JP Morgan Securities Japan, said in the short term, some negative impact would be inevitable.
He was expecting in the medium to long term that some companies would feel it was better to locate factories outside of Japan - a positive move for emerging Asian economies.
"I think and I hope Japan's companies strengthen their productivity and so on, and that probably boosts the economic expansion here," he said. "Then that will lead to a positive feedback to the Asian economy. That's what I'm expecting."
On the streets of Tokyo, people were already thinking long term.
"I just think it will take a long time to heal," said one retired man.
Another thought it would be at least ten years.
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