$2.3 Trillion in Damages?

March 19, 2013 § Leave a comment

According to AP, a government panel estimated the 2011 earthquake and tsunami in Japan cost the country up to $2.3 trillion. That is nearly as much as the GDP of U.K. and Brazil. I know this was a catastrophic event and Japan is an expensive place to live, but the estimate is absurdly high. The conspiracy theorist in me is skeptical of these numbers. The Japanese government surely would want to use this “disaster” card as an excuse to shift blame on the poor economy. It’s very much politics as usual.

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