Disasters cost Japan over $10 billion

Source(s)
NHK World, Japan International Broadcasting

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Japan's government-affiliated financial institution says the four major disasters that hit the country this year are expected to have a negative impact of more than 10 billion dollars on the country's economy.

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The bank says the negative impact on the manufacturing sector totaled 4 billion 770 million dollars. That's due to damaged production facilities at automotive, electronic component and other factories.

The impact is estimated to be about 4 billion dollars in the non-manufacturing sector, where business was disrupted by power outages and by cancellations of and delays to public transportation.

A decline in the number of foreign tourists is estimated to have an impact worth about 1.4 billion dollars on consumption and related production activity.

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