World's Costliest Disaster
Disaster in Japan Update
TOPICS: JAPAN | MIDDLE EAST | NORTH AFRICA | CHINA |
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The Japanese government and others estimate the cost of the damage from the earthquake and tsunami could top $300 billion, making it the most expensive natural disaster on record.
Japan Crisis Video Reports - March 24, 2011
Japan Is Slowly Showing Signs of Recovery
It's been over a week since a devastating earthquake and tsunami hit Japan, and the country is slowly showing signs of recovery, the Associated Press reports.
Stocks jumped more than 4 percent, and automakers say they are getting ready to resume production. But the World Bank estimates that Japan will spend the next five years recovering and that construction projects will give people new jobs.
Still, the nation of Japan is struggling with threats posed by explosions at one of its nuclear power plants. Residents who live near the plant were told they could not drink tap water because of radiation concerns. The emotional recovery is likely to be much more difficult, as 9,000 people have been confirmed dead.
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