Japanese earth quake, Tsunami to affect Pakistan

Japanese earth quake and Tsunami will affect all developing countries. Japanese earth quake and Tsunami ravages since World War II may potentially carry implications for global currencies, commodity markets and auto industries in the developing world including Pakistan.One of the major impacts of the tsunami on auto industry due to possible disruption of supplies of parts may consequently result in further increase in car prices in the domestic market. The disaster in Japan threatens to significantly impede the nations economic recovery, perhaps spreading to other nations, say economists.Dozens of Japanese firms, from component makers to electronics firms and automakers, are keeping their plants shuttered, as damage to infrastructure including power, roads, rails and ports will take months to repair.