Damage from the disaster in Japan will reach 2% of GDP - OECD

Secretary-General of the Organization for Economic Cooperation and Development, Angel Gurria assesses the economic damage from the earthquake and tsunami in Japan in 2% of GDP this opinion Gurria said in an interview with radio station BBC. According to estimates by the American CIA, the volume of the Japanese economy by the end of 2010 was $ 5.39 trillion. USD (converted from Japanese yen at the average annual rate). Thus, we can talk about about $ 110 billion of direct economic harm. Analysts estimate the direct economic losses in Japan on disaster strikes in the 125-200 billion dollars Despite significant damage, according to Gurria, Japan's economy could benefit in the long term from investment in the restoration of the affected areas. In addition, the secretary general of the OECD noted that financial assistance in rebuilding the infrastructure will support itself, Japan's population, rather than international lenders. "The government will borrow primarily from its own people, rather than abroad. This will be no borrowing in euros and not dollars. Nobody would lend Japan yen, except the inhabitants of the country. In this case, the Japanese save a lot. And they account for their savings finance the budget deficit "- said Gurria. According to preliminary estimates of experts, the loss of the third-largest economy in the world could reach $ 200 billion In addition, investors are worried about the rise of the national currency of Japan - yen, which could negatively affect the export companies, in particular, the largest automaker in Japan - Toyota Motor Co , Nissan Motor and Honda Motor, which produce 22% to 38% of cars in Japan. OECD - (English Organization for Economic Co-operation and Development, OECD) international economic organization of developed countries that accept the principles of representative democracy and free market economy. Created in 1948 to coordinate projects for economic reconstruction of Europe under the Marshall Plan. Headquarters of the organization is located in the Chateau de la Myuett in Paris. The Secretary-General (since 2006) - Jose Angel Gurria Trevino (Mexico).