How The 9.0 Tsunami Affecting Japan's Economy

Decent Essays
On March 11, 2011, a 9.0 magnitude earthquake and 100-foot high tsunami hit the northeastern shoreline of Japan. At least 28,000 people were killed or went missing and more than 400,000 homes and buildings were destroyed. Recovery and rescue efforts were difficult as a result of the cold weather and because of disrupted transportation routes. Making matters worse, the waves of the tsunami damaged the Fukushima nuclear power plant, causing radioactive leaks. in addition to devastating Japan’s economy in many ways, this natural disaster also had negative effects on the United States’ economy and construction industry, though not to the same extent.
The effect of the 9.0 earthquake was magnified by the ensuing tsunami that swept six miles inland in Japan, spreading out across the Pacific and wreaking havoc. The West Coast of the U.S. received this widespread destruction, with tens of millions of dollars in damage in Hawaii and $40 million in California. Furthermore, it caused millions of dollars in damage to boats and harbors in Oregon. The nuclear contamination worsened the damage along with the gasoline and electricity shortage that caused rolling blackouts in Japan’s industrial centers.
Although the impact of the tsunami and earthquake on United States imports from and exports to Japan weren’t significant, particular companies and sectors were considerably affected. The U.S. banned imports of certain vegetables and milk from the vicinity of the
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