Asia caution needed after quake

For many years Asia has been an important hub of global growth, driven in large part by the impressive performance of China and India. Over the medium to long term, it is highly likely that Asia will still command a growth premium over most other regions. However, in the near term the prospect of slower growth is just one of the important uncertainties facing the region’s largest economies. Our analysis must begin with Japan, still the world’s third largest economy having recently ceded second place to China. The Tohuko Pacific earthquake and subsequent tsunami represent the largest disa...