The unfolding nuclear disaster in Japan makes any assessment of the near term outlook highly speculative. In coming weeks, as data on the extent of damage to Japan and Hawaii’s tourism industry is collected, UHERO will analyze the impact of the crisis on the near term outlook for Hawaii. In this UHERO Brief, UH economist Ilan Noy asks what research based on previous natural disasters can tell us about the likely long-run macroeconomic impact on Japan.
