Japan’s Noda Says Quake Rebuilding to Help Economy Recover

Japan’s economy will overcome some temporary setbacks and may recover once reconstruction from last month’s earthquake and tsunami damage begins, Finance Minister Yoshihiko Noda said.

“Japan’s economy will likely slump in the near-term, but it may start to recover once reconstruction activities start kicking in,” Noda said in Washington overnight, after a meeting of finance ministers and central bankers from Group of 20 nations. “We need to keep in mind three uncertainties -- the nuclear problems, power supply shortages and global supply chain disruptions.”