The International Monetary Fund has voiced confidence that the Japanese economy is strong and stable enough to recover from the devastating earthquake and tsunami. The Japanese government estimates the damage to be at approximately 192 billion pounds ($308 billion), BBC reports. Meantime, U.K. Prime Minister David Cameron has urged the European Union to offer a free trade deal to Japan to help it rise from the twin natural disasters and the ongoing nuclear crisis.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.