The Great East Japan Earthquake's Impact on the Japanese Financial System

Therefore, Nikkei 255 is considered to be an excellent representative of Japanese market capitalization (Ugbede, Lizam, Kaseri & Idachaba, 2013). Market value is a method of determining the value of a company using stock price and assuming its growth (Amadeo, 2013). At the same time, the financial system is defined as a network of markets and institutions that connect depositors and borrowers (Hubbard, 2000). Therefore, detailed analysis of Nikkei 225 can evaluate the impact of earthquake on the company, including those constituting the financial system.

2011 East Japan great earthquake and tsunami introduced the 2011 Tohoku Region Pacific Offshore Earthquake (Japan: "East Japan great earthquake" is a 0 level (Mw) huge earthquake on the coast of Japan). On 11th this was a much stronger earthquake hit Japan, and it is also one of the five major earthquakes in the world since the 1900's modern record implementation. Earthquakes occur in Sichuan Province located in the western part of China, the capital city is called Chengdu and surrounded by the Sichuan basin. The earthquake that occurred on May 12, 2008,

At 11:46 on August 16th (UTC time 02: 46), a strong earthquake occurred on the east coast of Honshu, Japan, causing casualties, building collapse, power outage. The earthquake began on Tuesday, 16th August 2005, affected the northeastern coast of Japan. It caused a tsunami warning and the building shook 200 miles outside Tokyo. The initial estimate was 8. The US Geological Survey Institute later rated it as 2. At 9:42 am, a magnitude 9 earthquake hit Japan's Hokuriku area near the Noto Peninsula. On the scale of Nihon Shindo, the earthquake shook the towns of South Australia and Ana Mizzle with a 6 + seismic intensity. According to the report, one person died in Wajima City and at least 214 people were injured. A tsunami consultation report was issued at the coast of Kaga and Noto at once, and after 30 minutes a wave of 10 to 20 cm hit the coast.