The fallout from earthquake and tsunami catastrophes in Japan will cost Australia about 2 billion in lost export earnings in the near term due to lower Australian exports to Japan, according to estimates in a brief released Thursday. After China, Japan is Australia’s largest export market, making up 15 percent of its total exports. Treasurer Wayne Swan said in the brief: " t he tragic events in Japan—together with the impact of floods and at home—will clearly mean revenues take a substantial hit in the near term . " 
The fallout from earthquake and tsunami catastrophes in Japan will cost Australia about 2 billion in lost export earnings in the near term due to lower Australian exports to Japan, according to estimates in a brief released Thursday. After China, Japan is Australia’s largest export market, making up 15 percent of its total exports. " The tragic events in Japan—together with the impact of floods and at home—will clearly mean revenues take a substantial hit in the near term " , Treasurer Wayne Swan said in the brief.
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Treasurer Wayne Swan said in the brief:
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, Treasurer Wayne Swan said in the brief.