This Presentation will describe the Short overview of Japan 2011 disasters ,Some photography after Japan 2011 disaster,Economic damage and costs,Economic impact on major sectors,Overview of Japan GDP after the disaster,Government funding and other compensation and Aid of tohoku earthquake and tsunami
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Economic impacts of the 2011 tohoku oki earthquake and tsunami
1. Presented By:-
Ripon Chandra Malo -(1017042229)
Md. Mehedi Hasan Safi -(1017042209)
Bangladesh University of Engineering and Technology
2. Short overview of Japan 2011 disasters
Some photography after Japan 2011 disaster
Economic damage and costs
Economic impact on major sectors
Overview of Japan GDP after the disaster
Government funding and other compensation
Aid of tohoku earthquake and tsunami
Our opinion
ORGANIZATION OF THIS PRESENTATION
4. Date: 11 March 2011
Time : 02:45 PM (JST)
Magnitude : 9.0 on the Richter scale
Location : Earthquake was recorded in East
Asia, in the Pacific Ocean. Recorded near the
east coast of Honshu, Japan
129 km away from Sendai, Japan
177km away from Fukushima and Yamagata
373 km away from Tokyo
It was the 3rd most powerful earthquake
recorded in history.
5. The earthquake released about 600
million times more energy than the
bomb dropped on Hiroshima
It caused as much as 9m of vertical
displacement of the seafloor setting off
a tsunami with waves as high as 40m
Tsunami waves 3-15m high
overtopped seawalls and other
protected harbors
It had a run-up as far as 10km
6. The plant was made up 6 different
reactors
Hydrogen explosions blew the capping
and housing off reactors 1,3 and 4
An explosion destroyed the
containment inside reactor 2
Multiple fires broke out in reactor 4
Nuclear waste has seeped into the
water system
20km around the plant was evacuated
13. Category Scope
Damaged stocks
(¥)
Damaged stocks
(US$)
Buildings, etc.
Housing, offices,
plants, machinery
etc.
10.4 trillion
130 billion
Lifeline utilities
Water service, gas,
electricity etc.
1.3 trillion
16.3 billion
Social infrastructure
River, road, airport,
Drainage etc.
2.2 trillion 27.5 billion
Others
agriculture, forestry,
and fisheries
3.0 trillion 37.5 billion
Total 16.9 trillion
211.3 billion
14. Impact on Fisheries sector
Impact on Agriculture sector
Impact on Industrial production
Impact on Retails trade
Impact on Labor market
Japan’s automotive industry
Japan’s tourism industry
Financial and Currency Markets
15. Fisheries (both aquaculture and ocean fishing) are
one of the major economic sectors in the tsunami-
affected region.
According to the 2009 census, Iwate, Miyagi and
Fukushima prefectures account for some 20% of
fisheries production in Japan.
Damage on Fisheries Sector
90% of fishing boats were damaged or destroyed
260 out of 263 fishing ports were damaged
The direct economic losses are estimated at
¥1,063.6 billion on this sector
16. This disaster caused substantial loss to the
agricultural sector
Rice is the major crop in these areas.
Tsunami inundation reduced the planted area in 2011.
Damage on this sector
Agricultural damage has been estimated at ¥790.3
billion for damaged fields and facilities
¥51.5 billion for damaged products and livelihoods
Other agricultural products were also affected by
radiation contamination issues
17. Tsunami inundation estimated for 21
manufacturing sectors and 6 non-manufacturing
sectors
Average tsunami impacts for all the sectors
was estimated to be about 6%, and about 34%
of production capacity was estimated to be lost
in total
The damage was especially severe in the
Coal & Refinery, Steel, and Paper & Pulp
sectors in Miyagi Prefecture
Because these industries are located along
the coast and were affected by tsunami
inundation
18. Retail trade was also severely affected in the disaster region
Data for sales of major retailers indicate a 20% decrease for the six-
prefecture Tohoku region
That was 6% decrease for Japan as a whole for March 2011
In those prefectures, sales dropped by 25% to 40%
19. About 841,000 workers and 88,000 businesses
were located in the region directly affected by the
disaster
That was 2.0 percent of the total Japanese
workforce
Japan’s national unemployment rate fell from 4.6
percent in March 2011 to 4.1 percent in September
2011
The IMF projects that Japan’s national
unemployment rate will decrease slightly in annual
terms, down from 4.9 percent in 2011 to 4.8 percent
in 2012
This may be partly driven by employment
opportunities created as reconstruction work
continues.
20. Japan is currently the second largest
global exporter of automobiles after
Germany
Roughly 10 million cars are produced in
Japan per year and which requires key
parts made in Japan as well.
Although only the Tohoku region was
directly damaged, the total Japanese
automobile production rate fell by 50%
because of supply change disruptions
21. Tourism was also severely affected by the
disaster well outside of the region of direct
Damage
Immediately after the disaster, international
visitors were some 73% lower than for the same
time the previous year
Hotel reservations in the first two months of
the disaster dropped some 61% in the Tohoku
region, 48% in the Kanto area, and 36% in the
country as a whole .
22. The value of the yen and interest rates
also are being affected for those disaster
The value of the 83.8 yen per dollar on
February 15, 2011
It was 122 yen per dollar at 2006
The value of the yen touched a record
76.25 yen per dollar on March 17, 2011
Then the yen has retreated to about 83
yen per dollar
23. The Japanese economy is the third largest in
the world, with GDP of US$5.5 trillion in 20101
After the earthquake, to be an economic
slowdown to 0.2% growth in real GDP in 2011
In comparison with the previous year, GDP
declined notably in the first two quarters of 2011
(−1.32% and −1.63%, respectively)
It was stagnant in the third and fourth quarters
(+0.07% and −0.11%, respectively).
24. Three supplementary budgets totaling ¥17.7 trillion ($221 billion) were adopted by the
national government for this disaster
The first supplementary budget (2 May 2011), for ¥4.0 trillion in expenditures
The second (25 July 2011), for ¥2.0 trillion, were primarily intended for emergency
response and relief purposes
The third (21November 2011) included ¥11.7 trillion for reconstruction
Up to 90% of the recovery cost is covered by the central government for infrastructure
damage
The special financial support is applied to 9 prefectures and 167 local governments (city,
town, or village level) for 25 cost categories, including infrastructure reconstruction .
25. These supplementary budgets will be primarily financed through tax increases and
government bonds
which was put into force on 2 December 2011
This allows for income tax to be increased by 2.1% from January 2013 to
December 2022
Corporate taxes were also increased by 10% from April 2012 to March 2014
26. In the beginning Japan only wanted aid from its
neighbors
Response to Japan's earthquake has then come
from more than 100 nations.
Even Nations struggling to meet their own needs,
such as Afghanistan, Bangladesh, Sri Lanka and
North Korea have sent money for emergency
supplies.
The Government of People’s Republic of
Bangladesh offered a donation of two million US
dollars (approximately 163 million Yen)
The Total Donation was approximately 8.7 Billion
Yen
27. There was no way Japan could have fully prepared for a disaster of this intensity and
we believe if it hit any other country that the damages and loss of life would have
been more severe.