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According to the AFP, a Sakado city official reported that a plastic shopping bag was used to store the donation of 10 million yen (US$131,000) in a public restroom for the disabled. Attached to the money included a handwritten note with the message: "I am all alone, I have no future so let the people of Tohoku use it.
Related: Quake Shakes Japanese Finances
Tohoku is the country's northeast region that was ravaged by a massive 9.0 magnitude earthquake on March 11 that triggered a deadly tsunami that killed more than 20,000 people and displaced thousands of people. The impact of the disasters also sparked the world's worst nuclear emergency since Chernobyl at the Fukushima Daiichi nuclear power plant.
Related: Japan Economy
The BBC's Roland Buerk in Tokyo says that the earthquake and tsunami has brought out striking examples of generosity and honesty. The equivalent of $50 million in cash has since been recovered from the disaster area and handed over to the police. Another $30 million was recovered from safes found in the rubble.
Australia may be a nation whose identity lies firmly in the west, but its geo-political and geo-economic circumstances are shaped in large part by its location in the east. With the economy slowing, can Australia continue to hedge between U.S. strategic opportunities and Chinese economic gains? Australia is no longer immune to the stagnation in the West. Despite a resilient housing market, Australia’s economy is slowing. With a worsening labor market, consumption is eroding, along with business confidence. Read more
Joseph E. Stiglitz,
Jeffrey D. Sachs,
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