Japan earthquake, the tsunami could add to pressure oil prices

The world oil customers third largest in Japan, fears of an early economic recovery could derail global growth after the earthquake and tsunami.

Despite all-around oil prices fell worldwide, economists warn of the serious problems in nuclear reactors in Japan could put pressure on oil prices in the short and long term.

From stern year, Japan was the fourth largest trading partner and the New Zealand kiwi, cheese and meat consists of three main export products of natural foods in Japan.

Japan is also one of the markets in the most popular resort in New Zealand. Travel agencies have announced a fall in stocks outside of Japan in New Zealand after the earthquake in Christchurch.