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Responses to the Great East Japan Earthquake by Payment and Settlement Systems and Financial Institutions in Japan

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  • Payment and Settlement Systems Department

    (Bank of Japan)

Abstract

On Friday, March 11, 2011, a massive earthquake occurred in Japan, with the seismic center off the Sanriku coast in the northeast of the main island of Honshu, about 400 kilometers (250 miles) from Tokyo. With a magnitude of 9.0, the Great East Japan Earthquake was the largest ever recorded in the nation's history. The earthquake and the resulting tsunamis (tidal waves) devastated a vast area and caused a great number of casualties. Large numbers of buildings and facilities were damaged or washed away. Constraints on electric power supply intensified over a wide area, mainly due to the accident at a nuclear power station.

Suggested Citation

  • Payment and Settlement Systems Department, 2011. "Responses to the Great East Japan Earthquake by Payment and Settlement Systems and Financial Institutions in Japan," Bank of Japan Research Papers 2011-10-27, Bank of Japan.
    • Handle: RePEc:boj:bojron:11-e-1027
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    File URL: http://www.boj.or.jp/en/research/brp/ron_2011/data/ron111027a.pdf
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    Cited by:

    1. Yang, Chih-Yuan & Jhang, Ling-Jhen & Chang, Chia-Chien, 2016. "Do investor sentiment, weather and catastrophe effects improve hedging performance? Evidence from the Taiwan options market," Pacific-Basin Finance Journal, Elsevier, vol. 37(C), pages 35-51.

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