Fred Smith on CNBC

After the markets had closed Thursday, the same day his company reported an uptick in quarterly revenue and a forecast of future growth, FedEx founder and CEO Fred Smith spoke with CNBC’s Larry Kudlow about a variety of subjects, one of which was Japan.

Smith said he expects Japan will bounce back relatively quicker than many people think they will.

“We resumed traffic into Japan really about 12 hours after the event, as I recall, and never ceased operations at Osaka,” Smith said. “So there’ll be some disruptions, no question, going into this horrific scene of devastation. And we’re just so upset about this and feel for the Japanese people with this unbelievable loss. But commerce will continue and I think the effects of that–except for perhaps localized supply chain disruptions, high-tech and automotive in certain instances–I think it’s a very resilient country and a very industrious people. I think you’ll see the effect less than some of the folks thought initially.”

Dansette

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