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

Payment and Settlement Systems Department
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Payment and Settlement Systems Department: Bank of Japan

No 2011-10-27, Bank of Japan Research Papers from 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.

Date: 2011-10-27
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