Estimated Costs of Japan’s 2011 Tohoku Earthquake

The March 11, 2011, earthquake off the coast of Japan caused a tsunami with catastrophic impacts. Due to the scale of this combined disaster, we estimate damage costs of $150 billion (12 trillion yen). This 9.0 magnitude earthquake makes it the 4th largest in world history, and the largest in Japan’s history. The impact was […]

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