How much did the Tohoku tsunami cost?

How much did the Tohoku earthquake and tsunami cost?

The total damage to Japan’s fishing industry, in seven affected prefectures, was estimated at ¥1.26 trillion (US$11.29 billion). The earthquake and tsunami have had significant immediate impacts on businesses such as Toyota, Nissan and Honda, which completely suspended auto production until 14 March 2011.

How much did the tsunami 2004 cost?

For example, the 2004 Indian Ocean earthquake and tsunami, with a death toll of around 230,000 people, cost a ‘mere’ $15 billion, whereas in the Deepwater Horizon oil spill, in which 11 people died, the damages were six-fold.

What was the financial cost of the Tohoku earthquake?

This paper provides an overview of economic impacts in the first year after the 2011 Tohoku-oki earthquake, tsunami, and nuclear accident—at an estimated ¥16.9 trillion (US$211 billion) in direct damage, the costliest natural disaster on record.

How much money does it cost to rebuild after a tsunami?

How much money did it cost to rebuild after the 2004 tsunami? The disaster generated a massive aid and reconstruction program, with around 463 non-government organisations and agencies spending around $7.5 billion.

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How much did the Haiti earthquake 2010 cost?

The UN conference on 31 March is meeting to consider longer-term aid for Haiti. The country’s government published a Preliminary Damage and Needs Assessment (PDNA) on 24 March. The document put the total cost of earthquake damage at $7.9bn – 120% of Haiti’s GDP.

How much does a Sumatra rebuild cost?

Indonesia: West Sumatra reconstruction to cost Rp7 trillion

The government has estimated that rehabilitation and reconstruction in the quake devastated province of West Sumatra will cost Rp 7 trillion (US$745 million).

How much money did it cost to rebuild after the 2004 tsunami?

The disaster generated a massive aid and reconstruction program, with around 463 non-government organisations and agencies spending around $7.5 billion. This made post-tsunami Aceh one of the largest reconstruction projects in the developing world. Australian donors and the government gave more than $1 billion.

How much do tsunamis cost worldwide?

Large tsunamis do not happen often, but they pose a significant threat to coastal communities around the world. Globally, since the beginning of the twenty-first century, 48 tsunamis have caused roughly $300 billion (2018 dollars) in damage.

How did the Tohoku tsunami affect the economy?

The costliest natural disaster ever, it caused direct economic losses of 211 billion USD, including housing, infrastructure destruction, and other asset losses. Across the Tohoku region, 656 companies went bankrupt [2] .

How much did the country spend for rescue relief and rehabilitation works in Japan 2011?

In 2011 first the Kan and then the Noda administration proposed and pushed through the legislature three disaster-related supplemental budgets. The third and largest of these, approved in November, provided some $155 billion, the bulk of the funds earmarked for reconstruction in devastated areas.

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How did Japan clean up after the tsunami?

They are removing spent fuel rods from cooling pools, reinforcing a seawall to protect from future tsunamis, treating radioactive cooling water leaking from the reactors and removing highly contaminated debris.