• 1995 Despite the very large Kobe quake, which at a $100 billion was the costliest quake in history, Japan’s economy bounced back relatively quickly without any serious long-term effects. The quake killed 6,000 people in one fell swoop.
• 2011 Japan has the largest public debt ratio for a country of its advanced makeup – double its $5 trillion GDP – and its economy was already struggling before the quake even happened. Plus, the nuclear trouble adds another dimension. source

Posted by Ernie Smith • Permalink