Deveststing footage of the 2011 Tsunami
9 months ago
11
Early estimates placed insured losses from the earthquake alone at US$14.5 to $34.6 billion.[49] The Bank of Japan offered ¥15 trillion (US$183 billion) to the banking system on 14 March 2011 in an effort to normalize market conditions.[50] The World Bank's estimated economic cost was US$235 billion, making it the costliest natural disaster in history.[51][52] According to a 2020 study, "the earthquake and its aftermaths resulted in a 0.47 percentage point decline in Japan's real GDP growth in the year following the disaster."[53]
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