Article: Tokyo faces 'catastrophic' earthquake risk

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 ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!