Quake damage hits Japan exports

The driving force of Japan's economy has gone into reverse. In March exports fell 2.2% which is the first drop in almost a year and a half.

Japanese firms are struggling with the after effects of the earthquake and tsunami.

The car industry saw exports fall almost 28% in March and Toyota have announced production cuts in China and an extended slowdown for plants in the United States.

Seijiro Takeshita is a director at Mizuho International and he told the BBC he thinks Japan will suffer a short term erosion of market share.

BBC News