Today in Japan
![](http://i.cdn.turner.com/money/2011/03/13/news/international/japan_earthquake_cost/japan_earthquake_otsuchi.gi.monster.jpg)
According to CNN, in addition to the loss of life (now confirmed at over 15oo but likely to rise considerably), the economic costs are huge:
Losses from the quake, tsunami and fires will total at least $100 billion, including $20 billion in damage to residences and $40 billion in damage to infrastructure such as roads, rail and port facilities, catastrophe modeling firm Eqecat estimated.
The Japanese were well-prepared for earthquakes — much better than the U.S. — but it still wasn’t enough.
Reader Comments