Tag Archive for tsunami

THE IMPACT of NATURAL DISASTERS. Nankai Trough Earthquake : Risk in Tokyo Bay from future tsunami

Cleanup, rescue operations underway in Japan after severe rains kill over 200 people and strand thousands in the recent flooding and landslides in west Japan.

On Mar 11, 2011, a devastating 9.0-magnitude quake struck under the Pacific Ocean, and the resulting tsunami caused widespread damage and claimed tens of thousands of lives.
It also sent three reactors into meltdown at the Fukushima nuclear plant, causing Japan’s worst postwar disaster and the most serious nuclear accident since Chernobyl in 1986.
The devastating tsunami hit sites along the Tohoku coast. 
A public beach just opened in Rikuzentakata on July 20, 2018 for the first time in eight years, underscoring the destruction of sites.

In 1703, an 8.2 magnitude earthquake(Genroku earthquake) along the Sagami Trough triggered a tsunami that rippled towards Japan’s then capital, Edo. It is estimated that a couple of thousands lives were lost.
Japan has a lot of natural disasters and many foreign investors are worrying about it.
A major earthquake is expected to strike sometime along the Nankai Trough, a submarine trench running off the Japanese archipelago from around Shizuoka Prefecture in Honshu to the seas east of Kyushu.

How at risk is Tokyo Bay from future tsunami by Nankai Trough earthquake ?
The Nankai Trough is a 700-kilometer-long sea-bottom depression that runs about 100 km off the southern coast from Shizuoka Prefecture to the Shikoku region.

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Risks in real estate investment in Japan-natural disaster- : How to avoid the earthquake risk

Japan has the risk of earthquake.
You remember the earthquake in Kobe in 1995 and Tsunami disaster in Fukushima in 2011.
Although Japan’s earthquake-resistant technology of buildings is considerably advanced than that of other countries,
we have to be realistic.
In the interest of personal safety and protecting the value of what is likely  your biggest financial asset,
prospective buyers and investors should be aware of any natural disaster risk impacting a potential property purchase.
If the building is broken or collapsed due to an earthquake, you cannot get rent.

In most cases, learning about natural disaster risk will not stop investment, but it will help investors make a better-informed decision about where to buy and preparing in terms of appropriate insurance coverage depending on the type of natural disaster risks most affecting the property.
Unfortunately we don’t have a comprehensive ‘natural disaster risk score’ covering whole Japan announced by the government or a certain institute but on the  prefecture and city level, many prefectures and cities
release ‘hazard maps’ to show the risks of natural disasters
in the area.
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