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Article: Tokyo faces 'catastrophic' earthquake risk
- Article from:
- The Independent (London, England)
- Article date:
- January 15, 1996
- Author:
CopyrightCopyright 1996 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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RICHARD LLOYD PARRY
Tokyo
One year after the Kobe earthquake which killed 6,300 people,
Tokyo faces an even greater disaster which could leave 60,000 dead
and cause "staggering" economic losses, according to a new study.
The report, by Stanford University of California and an
insurance research company, Risk Management Solutions, predicts
what it calls "the largest catastrophic loss (in economic terms) in
history" whose knock-on effects could shake the international
markets, and raise interest rates around the world.
The research team considered the effects on the Tokyo area of a
repeat of the great Kanto earthquake which killed 143,000 and razed
two thirds of the city in 1923. It concluded ...
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