A powerful earthquake and tsunami predicted to occur in the Nankai Trough off the Pacific coast of Japan in the near future could cause economic damage of up to ¥1.466 quadrillion in total, the Japan Society of Civil Engineers said Wednesday.
The association said that the damage would be spread over the course of 22 years, or the hypothetical timeframe for Japan to complete its reconstruction efforts following the expected disaster.
In March, the government said that the estimated damage from the possible Nankai Trough disaster to assets, which include buildings and factories, would come to ¥225 trillion.