Earthquakeâ??s Fiscal Policy Effect

4:40 AM ET Mon, 14 March 2011

â??Its going to have big implications not only of course for expenditure but also for revenue,â? Niall Ferguson, Professor of History at Harvard University, told CNBC about recent destruction from the earthquake and tsunami in Japan. â??I do feel that this could be the moment when people start to reassess the viability of Japanâ??s medium-term fiscal policy,â? Ferguson said.