How much money was spent on the Japanese tsunami?

In the decade since the strongest earthquake in Japan’s history triggered a 32-foot tsunami that slammed into the eastern coastline, the cleanup effort has become one of the world’s most expensive, costing some $300 billion so far. Thousands died as the wave hit and more than a half million people were displaced.

How much did the Fukushima disaster cost?

In 2016, Japan’s Ministry of Economy, Trade and Industry estimated the total cost of dealing with the Fukushima disaster at ¥21.5 trillion (US$187 billion), almost twice the previous estimate of ¥11 trillion (US$96 billion).

How much money does a tsunami damage cost?

s government says the total cost of the damage caused by the tsunami could reach 25 trillion yen? or U.S. $309 billion. Entire towns were wiped out when the wave hit on March 11. Farms, factories, roads, railways and electricity lines were destroyed, while almost half a million people have been made homeless.

How much did Japan spend for rescue relief and rehabilitation works on 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.

How much damage did Fukushima cause?

Japan moved a few metres east and the local coastline subsided half a metre. The tsunami inundated about 560 km2 and resulted in a human death toll of about 19,500 and much damage to coastal ports and towns, with over a million buildings destroyed or partly collapsed.

Who pays for the Fukushima cleanup?

Japan’s government has long promised that Tokyo Electric Power, the company that owns the plant, will eventually pay the money back. But on Monday it admitted that electricity consumers would be forced to pay a portion of the clean up costs through higher electricity bills.

How much do earthquakes cost Japan?

In 2018, the cost of damage caused by natural disasters occurring in Japan amounted to around 1.17 trillion Japanese yen. Since the country is situated along the Ring of Fire, an area where several tectonic plates meet, it is vulnerable to natural disasters like earthquakes, tsunamis, and volcanic eruptions.

How much does Japan spend on natural disasters?

In the fiscal year 2019, the disaster prevention budget in Japan amounted to approximately 814.5 billion Japanese yen.

What was the cause of the nuclear disaster in Japan?

The Fukushima Daiichi nuclear disaster was a 2011 nuclear accident at the Fukushima Daiichi Nuclear Power Plant in Ōkuma, Fukushima Prefecture, Japan. The event was primarily caused by the 2011 Tōhoku earthquake and tsunami. It was the most severe nuclear accident since the Chernobyl disaster in 1986.

Where was the second worst nuclear accident in the world?

Fukushima accident. Written By: Fukushima accident, also called Fukushima nuclear accident or Fukushima Daiichi nuclear accident, accident in 2011 at the Fukushima Daiichi (“Number One”) plant in northern Japan, the second worst nuclear accident in the history of nuclear power generation.

Where was the nuclear power plant meltdown in Japan?

At the Fukushima Daiichi (“Number One”) plant in northeastern Honshu, Japan, a loss of main and backup power after an earthquake and tsunami led to a partial meltdown of fuel rods in three reactors. …meltdown in 2011 at the Fukushima Daiichi (“Number One”) plant in Japan.

Where was the nuclear power plant that exploded in 2011?

The Fukushima Daiichi nuclear disaster (福島第一原子力発電所事故, Fukushima Dai-ichi ( pronunciation) genshiryoku hatsudensho jiko) was a 2011 nuclear accident at the Fukushima Daiichi Nuclear Power Plant in Ōkuma, Fukushima Prefecture. It was the most severe nuclear accident since the 1986 Chernobyl disaster, and the only other disaster to receive