nation's industrial clusters in the south and west seem to have been the worst their local comic tronics farms and world famous have shut down key factories where over the crisis the damaged nuclear plants north of tokyo is threatening to cause an energy squeeze that could set back all sectors of the economy some ports in tokyo and japan solve have resumed operating after all were initially closed amid warnings of aftershocks meanwhile the hartman chairman of the association of european businesses in russia says it disaster will push for discussions on alternative energy sources. but he not only germany or in the e.u. there will be a new discussion how far you get energy is the future energy or it can be replaced by other by journey because energy sources renewable energy sources or natural gas which we would like to see. now let's see how the asian markets are reacting to the situation in japan the nikkei closed down more than six percent on monday to a two year low as investors expected the earthquake and tsunami to take a toll on the economy japanese carmakers electronics from the wor

and facilities so only also has suspended production at eight plants and japanese automakers have tronics farms and all refineries their share prices drop by double digit percentages. and we can say that also showed on monday over six hundred points or more than six percent and investors expect the earthquake and tsunami to take a toll on the economy and require significant government and also. says that its injection of record one hundred eighty three billion dollars into money markets to stabilize the financial system all ports have also been closed with warnings of aftershocks to come and moral the crisis at the damaged nuclear plants north talk is threatening to cause an energy squeeze that all sectors of japan's economy oil prices which fell by three percent on friday are likely to continue falling this week japan is one of the world's largest importers the world bipes demand is likely to drop. but definitely the opportunity for those who have more in an hour's time and that of arrival thank you very much for that update on the economic impact of the disaster in japan thank you. well

industrial classed as in the south and west seem to have been starved the worse but a local car makers and tronics farms and world refiners have shut down. more all of the crisis damaged nuclear plants north tokyo is threatening to cause an energy use that could set by all sectors of the economy some ports some tokyo japan south have resumed operating outdraw war initially closed to me warnings of aftershocks meanwhile of mind hartmann chairman of the association of european businesses and russia says the counter strike will push for discussions on alternative energy sources. i think not only in germany or in the e.u. would it really be a new discussion how far nuclear energy is the future energy or it going to be pleased that my journey because energy sources renewable energy sources or natural gas which we would like to see. now let's see how the asian markets are reacting to the situation in japan the nikkei closed down more than six percent on monday to a two year low that's just expected the earthquake and tsunami to take a toll on the economy japanese carmakers electronics firms and world re

investors expected the earthquake and tsunami to take a toll on the economy japanese carmakers are tronics farms and well refined as saw their share prices drop by double digit percentages japan's bank says it's just injecting a record one hundred eighty three billion dollars into money markets to stabilize the financial system the reaction in hong kong is less negative behind saying they're slightly down at the moment. and european stocks are down in trading following their week asian session on a day set to be dominated by the economic impact of the earthquake and tsunami in japan frank has stuck straight in over one percent in the red and the footsie is down one third of a percent this hour. here in russia both the r.t.s. and the miles it's the start of monday's trading in the right of the situation in japan but have managed to climb into positive territory at this hour of the us before his date on friday slightly encouraging investors but there's no message sell more energy shows so far as attrition of instability and that's just from any major moves russian stocks declined at the end

momentary disruption for a few days however i don't think that this this will have a big impact japanese tronic companies which closed factories have to throw up to connect to production chains of high tech products worldwide how whether to let america jason partners consulting believes retail prices will not rise significantly you're going to. japan is the me introduce of dynamic and flash memory chips which are commonly used in mobile phones computers and laptops so a drop in production of these chips may lead to a deficit of certain high tech goods and speculative price growth even in the worst scenario the retail price growth terms of fifteen percent. and so we have time for now please do join us in about more business news here on our t.s.p. i'm wondering close and closely the situation in japan and we'll bring you more. yes my name is daniel smith this is joining us on the we're here to make a short presentation of all that we can fix project. the first hit in the fourth day is to get information out about the real world claims to him war on. anger on. the secret to the biggest. fear to b