March 11th, 2013, a 9.0 magnitude earthquake hit Japan causing not only damage at the time of impact, but also issues that are still affecting the world today. The Fukushima Daiichi Nuclear Power Plant was badly affected and radiation has been found to be leaking out of the reactors and into the groundwater, which could cause lasting problems.
What is it going to cost to fix the problem? According to Yahoo! News, the Japanese Government is planning to spend $470 million in the hope of freezing the soil around the nuclear reactors to direct the toxic water away from the people. The government has shown its willingness to spend large amounts of money to rectify the issue that they caused. In this situation they have put world issues before the financial costs, showing they are taking responsibility for the problems they caused.
In my opinion it is important that companies and foreign countries take initiative to help aid in a problem that could affect them as much as it is affecting Japan. It is up to the other countries and business’ to involve themselves in the issue. Offering support wherever needed, and if that means helping Japan financially, then that is what should be done. Even we as consumers could play a role in helping Japan, whether it is donating or buying Japanese products to stimulate their economy once again.
Hyperlinks
http://businessethicsblog.com/2011/04/03/business-ethics-and-the-crisis-in-japan/
http://news.yahoo.com/tepco-finds-high-radiation-fukushima-groundwater-071524186.html
http://www.cnn.com/2011/WORLD/asiapcf/03/15/japan.nuclear.disaster.timeline/index.html