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12 hurt in Japan quake as life returns to normal…and more

12 hurt in Japan quake as life returns to normal

A Japanese kendo player looks up the ceiling as a strong earthquake jolts Nippon Budokan martial arts hall during an awarding ceremony for the World Kendo Championships in Tokyo Saturday, May 30, 2015. A powerful and extremely deep earthquake struck a group of remote Japanese islands and shook Tokyo on Saturday, but officials said there was no danger of a tsunami, and no injuries or damage were immediately reported. (Meika Fujio/Kyodo News via AP)

A Japanese kendo player looks up the ceiling as a strong earthquake jolts Nippon Budokan martial arts hall during an awarding ceremony for the World Kendo Championships in Tokyo Saturday, May 30, 2015. A powerful and extremely deep earthquake struck a group of remote Japanese islands and shook Tokyo on Saturday, but officials said there was no danger of a tsunami, and no injuries or damage were immediately reported. (Meika Fujio/Kyodo News via AP)

The magnitude-7.8 quake struck off the Ogasawara islands Saturday night at a depth of 678 kilometers (421 miles), the U.S. Geological Survey said. It was followed by a magnitude-6.4 quake Sunday morning off Japan’s Izu islands, which are north of the Ogasawaras. The latest quake struck at a depth of 8 miles (13 kilometers) with the epicenter 390 miles (630 kilometers) southeast of Tokyo. It was not strong enough to generate a tsunami warning or close enough to the islands to cause any significant damage or injuries, said John Bellini, a USGS geophysicist in Golden, Colorado. He said it is considered a separate seismic event and not an aftershock from Saturday’s quake…

 

How climate change affects the global economy

AS supply chains become more globalized, the vulnerability of businesses to calamities increases. Local disasters have impacts that ripple through the entire regional and global supply chain, causing indirect losses to businesses all over the globe with massive adverse macroeconomic effects. Direct losses from disasters include complete and partial destruction of a business’ stocks and assets, such as damage to their production facilities, work spaces and product. There can also be indirect losses, as a consequence of disruption in the supply chain, potentially impacting other clients, partners and suppliers throughout the globe and ultimately undermining…

 

Asia-Pacific growth needs disaster resilience

[ROME] The achievement of the Sustainable Development Goals (SDGs) in the Asia-Pacific will depend largely on building greater resilience to disasters but rising populations and burgeoning cities are exacerbating existing risks and creating new ones.   By coming together in the spirit of cooperation can the region hope to become truly disaster resilient, says the Asia-Pacific Disaster Report 2015, the latest flagship publication of the UN Economic and Social Commission for Asia and the Pacific (ESCAP).   A record 1,625 disasters struck the Asia-Pacific in 2005-2014, killing around 500,000 people and harming another 1.4 billion, while causing US$523 billion in economic damage. Many of the disasters…

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