CBC: This is Japan`s Costliest Natural Disaster Ever

Donations please! Imagine the USA essentially losing the coast from California to Washington, and all the great people, and businesses with it. That is what has happened in Japan. –Kevin

The costs of reconstruction after this month’s earthquake and tsunami are expected to be more than $309 billion US, the Japanese government said Wednesday.

That would make it the most expensive natural disaster in history, easily surpassing Hurricane Katrina, which struck New Orleans in 2005. The Insurance Information Institute calculated that cost at $125 billion.

The Japanese Cabinet Office estimated direct losses of between $198 billion and $309 billion in damage to housing, roads, utilities and businesses across seven prefectures. Read More


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