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Presented By:-
Ripon Chandra Malo -(1017042229)
Md. Mehedi Hasan Safi -(1017042209)
Bangladesh University of Engineering and Technology
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
Tohoku-oki Earthquake
Tohoku Tsunami
And
Nuclear accident
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.
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
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
Total damage
Human
12,554 killed
15,077 missing
2,866 injured
Infrastructures Destroyed
202,426 homes
5,686 others Buildings
2,126 Roads
56 bridges
A destroyed building following the massive earthquake
and tsunami in Onagawa, Miyagi
A river bank in Sendai is destroyed beyond recognition
following the tsunami
A destructive tsunami rolls ashore in
northeastern Japan
Sendai Airport is swept by a tsunami
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
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
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
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
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
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%
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.
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
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 .
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
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).
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 .
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
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
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.
THANKS

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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
  • 7. Total damage Human 12,554 killed 15,077 missing 2,866 injured Infrastructures Destroyed 202,426 homes 5,686 others Buildings 2,126 Roads 56 bridges
  • 8.
  • 9. A destroyed building following the massive earthquake and tsunami in Onagawa, Miyagi
  • 10. A river bank in Sendai is destroyed beyond recognition following the tsunami
  • 11. A destructive tsunami rolls ashore in northeastern Japan
  • 12. Sendai Airport is swept by a tsunami
  • 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.