Billions in losses
TOKYO - Economic losses in the regions hit by Japan's earthquake will reach around 14 trillion yen to 15 trillion yen ($171-$183 billion) based on information available on Monday, Credit Suisse said in a research note.
Credit Suisse chief economist Hiromichi Shirakawa said economic losses from the quake-hit region of Japan would likely be "slightly less than 40 percent" of the 40 trillion yen in total economic losses seen from the Kobe earthquake in 1995.
Insurance companies are looking at billions in losses from the earthquake and tsunami, with one early estimate placing the figure as high as $35 billion.
Reuters-AP
(China Daily 03/15/2011 page12)
