| Publication |
2011.
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| Summary/Abstract |
THE FULL EXTENT OF THE DAMAGE caused to the Japanese economy by the March 11 earthquake and tsunami has yet to be assessed, but experts say that it could be the worst in the country's history.
Hundreds of plants and factories across Japan, including Toyota and Nissan car factories, were shut down as a result of damage or power outages. Electricity suppliers were obliged to impose rolling blackouts throughout the country because they could not meet demand. Thousands of homes were destroyed, and about 2 million people were left without electricity and water. AIR Worldwide, a U.S.-based consulting group, predicted on March 13 that insured property losses from the earthquake alone would range from $15 billion to $35 billion.
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