IDEAS home Printed from https://ideas.repec.org/a/gam/jijerp/v19y2022i6p3346-d769542.html
   My bibliography  Save this article

Disaster Risk Reduction Funding: Investment Cycle for Flood Protection in Japan

Author

Listed:
  • Mikio Ishiwatari

    (Graduate School of Frontier Sciences, The University of Tokyo, Kashiwa 277-8563, Japan)

  • Daisuke Sasaki

    (International Research Institute of Disaster Science, Tohoku University, Sendai 980-8577, Japan)

Abstract

Background: Investment in disaster risk reduction is crucial in order to mitigate disaster damage. However, for many countries, particularly developing ones, financing investment in disaster risk reduction is challenging. This study aims to examine the factors that affect investments in flood protection and the approaches to securing investments by analyzing investment trends in Japan. Methods: This study examines 150 years of flood protection and investment cycles that helped reduce damages in Japan. The dataset of flood protection budgets, flood damage, and national income since 1878 was created from public statistics. Documents and reports concerned with disaster management, river management, and finance were examined. Results: The study found five investment cycles of flood protection from the late 19th century to the present. The country established financing mechanisms, such as legislation and long-term plans, following major flood disasters. However, external shocks such as war, economic recession, disaster, and tightened national finance had a major impact on these investments. The fluctuations in the budget created an investment cycle. The country had increased its budget to 0.9% of its national income in the 1990s. It often experienced flood damage accounting for over 1% of the national income until 1961, but succeeded in decreasing the damage to less than 1%, and currently it is limited to less than 0.4%. Conclusions: The financial mechanisms established from the long-term perspective could support an increase in budgets for flood protection, leading to a decrease in damage. However, established financing mechanisms may weaken the financial flexibility of the country.

Suggested Citation

  • Mikio Ishiwatari & Daisuke Sasaki, 2022. "Disaster Risk Reduction Funding: Investment Cycle for Flood Protection in Japan," IJERPH, MDPI, vol. 19(6), pages 1-17, March.
    • Handle: RePEc:gam:jijerp:v:19:y:2022:i:6:p:3346-:d:769542
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1660-4601/19/6/3346/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1660-4601/19/6/3346/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hasumi, Ryo & Iiboshi, Hirokuni & Nakamura, Daisuke, 2018. "Trends, cycles and lost decades: Decomposition from a DSGE model with endogenous growth," Japan and the World Economy, Elsevier, vol. 46(C), pages 9-28.
    2. Federica Ranghieri & Mikio Ishiwatari, 2014. "Learning from Megadisasters : Lessons from the Great East Japan Earthquake," World Bank Publications - Books, The World Bank Group, number 18864, December.
    3. Mikio Ishiwatari & Daisuke Sasaki, 2021. "Investments in flood protection: Trends in flood damage and protection in growing Asian economies," Working Papers 221, JICA Research Institute.
    4. Mikio Ishiwatari & Daisuke Sasaki, 2020. "Bridging the Gaps in Infrastructure Investment for Flood Protection in Asia," Working Papers 202, JICA Research Institute.
    5. Federica Ranghieri, 2014. "Learning from megadisasters: lessons learnt from the Great East Japan earthquake and tsunami," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2014(3), pages 5-17.
    6. Mikio ISHIWATARI, 2016. "What are crucial issues in promoting an integrated approach for flood risk management in urban areas?," Japan Social Innovation Journal, University of Hyogo Institute for Policy Analysis and Social Innovation, vol. 6(1), pages 1-15, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mikio Ishiwatari & Daisuke Sasaki, 2023. "Special Issue “Disaster Risk Reduction and Climate Change Adaptation: An Interdisciplinary Approach”," IJERPH, MDPI, vol. 20(3), pages 1-4, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bachev, Hrabrin & Ito, Fusao, 2017. "Agricultural impacts of the Great East Japan Earthquake - six years later," MPRA Paper 79469, University Library of Munich, Germany.
    2. Md. Mashrur Rahman & Uttama Barua & Farzana Khatun & Ishrat Islam & Rezwana Rafiq, 2018. "Participatory Vulnerability Reduction (PVR): an urban community-based approach for earthquake management," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 93(3), pages 1479-1505, September.
    3. Gomez, Oscar A. & Kawaguchi, Chigumi, 2016. "The Continuum of Humanitarian Crises Management: Multiple Approaches and the Challenge of Convergence," Working Papers 136, JICA Research Institute.
    4. Xiang Zheng & Chuyao Feng & Mikio Ishiwatari, 2022. "Examining the Indirect Death Surveillance System of The Great East Japan Earthquake and Tsunami," IJERPH, MDPI, vol. 19(19), pages 1-15, September.
    5. Sardar S. Shareef, 2023. "Earthquake Consideration in Architectural Design: Guidelines for Architects," Sustainability, MDPI, vol. 15(18), pages 1-18, September.
    6. Nicholas Pinter & Mikio Ishiwateri & Atsuko Nonoguchi & Yumiko Tanaka & David Casagrande & Susan Durden & James Rees, 2019. "Large-scale managed retreat and structural protection following the 2011 Japan tsunami," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 96(3), pages 1429-1436, April.
    7. Takano, Keisuke, 2019. "Does visible shock update firms' unrelated trade diversity in anticipation of future shock? Evidence from the Great East Japan Earthquake and expected Nankai Trough Earthquake," TDB-CAREE Discussion Paper Series E-2019-01, Teikoku Databank Center for Advanced Empirical Research on Enterprise and Economy, Graduate School of Economics, Hitotsubashi University.
    8. Ghimire Kanksha Mahadevia, 2018. "Path Dependence, Abnormal Times and Missed Opportunities: Case Studies of Catastrophic Natural Disasters From India and Nepal," The Law and Development Review, De Gruyter, vol. 11(1), pages 31-76, January.
    9. Josep Pastrana-Huguet & Maria-Francisca Casado-Claro & Elisa Gavari-Starkie, 2022. "Japan’s Culture of Prevention: How Bosai Culture Combines Cultural Heritage with State-of-the-Art Disaster Risk Management Systems," Sustainability, MDPI, vol. 14(21), pages 1-19, October.
    10. Ajam, Meraj & Akbari, Vahid & Salman, F. Sibel, 2019. "Minimizing latency in post-disaster road clearance operations," European Journal of Operational Research, Elsevier, vol. 277(3), pages 1098-1112.
    11. Yang, David Y. & Frangopol, Dan M., 2019. "Life-cycle management of deteriorating civil infrastructure considering resilience to lifetime hazards: A general approach based on renewal-reward processes," Reliability Engineering and System Safety, Elsevier, vol. 183(C), pages 197-212.
    12. Carlos Adri?n Romero & Omar Osvaldo Chisari & Leonardo Javier Mastronardi & Arturo Leonardo V?squez Cordano, 2015. "The cost of failing to prevent gas supply interruption: A CGE assessment for Peru," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2015(2), pages 131-148.
    13. Federica Ranghieri, 2014. "Learning from megadisasters: lessons learnt from the Great East Japan earthquake and tsunami," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2014(3), pages 5-17.
    14. Sekine, Toshitaka, 2022. "Looking from Gross Domestic Income: Alternative view of Japan’s economy," Japan and the World Economy, Elsevier, vol. 64(C).
    15. A.Haarscher & M. Bruner & J. Doblas & A. Fargere, 2014. "The Japanese Electricity System 15 months After March 11th 2011," Cambridge Working Papers in Economics 1443, Faculty of Economics, University of Cambridge.
    16. Hrabrin BACHEV, 2014. "Socio Economic And Environmental Impacts Of Match 2011 Earthquake Tsunami And Fukushima Nuclear Accident In Japan," Journal of Advanced Research in Management, ASERS Publishing, vol. 5(2), pages 127-222.
    17. Fukuda, Shin-ichi & Soma, Naoto, 2019. "Inflation target and anchor of inflation forecasts in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 52(C), pages 154-170.
    18. Bachev, Hrabrin, 2015. "March 2011 earthquake, tsunami and Fukushima nuclear accident impacts on Japanese agri-food sector," MPRA Paper 61499, University Library of Munich, Germany.
    19. Umberto Monarca & Ernesto Cassetta & Alessandro Sarra & Cesare Pozzi, 2015. "Integrating renewable energy sources into electricity markets: Power system operation, resource adequacy and market design," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2015(2), pages 149-166.
    20. Haykaz Igityan & Hovhannes Manukyan, 2020. "Fitting Armenian Data to the Simple DSGE Model with Permanent Productivity Growth," Working Papers 14, Central Bank of the Republic of Armenia.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jijerp:v:19:y:2022:i:6:p:3346-:d:769542. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.