Japan's tsunami response should not be underestimated

Baillie Gifford's Sarah Whitley says companies seem to be under-promising and over-delivering following the earthquake.

In the 100 days since the earthquake and tsunami, the impact of the devastation on a relatively small region of Japan, Tohoku, has travelled round the world. The coastal towns destroyed by the tsunami are gradually clearing the debris and slowly recovering, but normality is a long way away. This human tragedy is unprecedented in a developed economy and much thinking and planning needs to be done to determine what the post-tsunami coast should look like. The major industries that were impacted were semiconductors and cars, with some affected plants being significant globally. Reduced s...