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Quake May Cut Thai Growth By 0.2%: Thai Finance Minister

Thursday, May 26, 2011

TOKYO (Nikkei)--Thai Finance Minister Korn Chatikavanij said Thursday that the Great East Japan Earthquake may lower his country's economic growth by around 0.1-0.2%.

Speaking at the Future of Asia conference in Tokyo, Korn said that while Japanese carmakers with factories in Thailand were greatly affected by supply chain disruptions stemming from the disaster, he believes they may be able to return to normal within several weeks.

Korn also noted a drop in the number of tourists from Japan to Thailand.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.