Japanese can remain without cigarette

March 28, 2011

Japan can experience deficit of cigarettes because of deliveries cessation by major country manufacturer Japan tobacco for 12 days. Former state monopoly that till today controls two thirds of national market explains suspension of manufacturing with shortage of raw materials and damages of manufacturing lines during March 11th earthquake.

"Situation varies depending on shop, but in some places and for some brands stocks can end" - press-secretary of the Company Hideyuki Yamamoto has marked.

Japan Tobacco has also declared about shortening of produced brands quantity approximately on three fourth to concentrate on 25 most popular sorts. Two Company plants in the most suffered of earthquake region have supplied approximately one third pf production. Japan Tobacco forecasts that in April its deliveries will shorten approximately to 25 per cents from February level and will increase approximately to 90 per cent in May.

Let's remind that on March 11th 2011 in Japan took place strong Richter magnitude 9 earthquake that has caused tsunami and series of next environment strokes. As result died and went missing more than 26 thousand of people, were destroyed thousands of houses, on some Japan Atomic Power Stations accidents took place. Major country corporations have temporary stopped their plants. Particularly, this decision was taken "The Big Three" of Japan automobile industry: Toyota, Honda and Nissan, steel Company Tokyo Steel Manufacturing Co., electronics manufacturers Sony, Toshiba and Mitsubishi Electric. Meanwhile, Japan Central Bank continues active investments into national economy to support stability of country financial institutes. Japan authorities estimated damages of natural disasters in amount from 16 trillions to 25 trillions yen (from 185 billions USD to 308 billions USD).

Many experts predict that consequences of earthquakes and tsunami in Japan will influence main branches of world economy. Japan is the third country in the world according to GDP level (in front of it are - USA and China). GDP level of the country, according to IMF estimations, in 2010 made 5.4 trillions USD.