Don't move to Tokyo, it's dangerous.

Good morning everyone,

Unless you're one of those people who leaves for work before 7, it'll probably have stopped raining by the time you leave home. The rest of the morning will be overcast and slowly clearing up throughout the day. Tomorrow and Silver Week are looking like they're going to be pretty nice weather-a mix of sun and clouds, highs in the mid-20s and overnight lows in the mid-teens. Still cool for this time of year, but you'll get no complaints from me! It's perfect weather as far as I'm concerned.

Japanese love to brag about how safe Japan is. They hate it when I correct them, by pointing out that Japan is hardly 'safe' with its typhoons, earthquakes, volcanoes and...well, pretty much any natural disaster than can occur...ha ha!

And now I've got proof. Guess which city is the 2nd riskiest city in the world to live in? Not New York. Not Beijing. Not Moscow. Not even Pyongyang. Nope. The second riskiest city to live in is Tokyo.

Of course, most of the risk is due to natural disasters. The report states that the greatest risks for Japanese cities (Osaka, Yokohama, Fukuoka and ten other cities made the top 301 riskiest cities in the world to live in) are no big surprise for those of us who live here-natural disasters. But not only; after the usual high risks of earthquake and typhoon damage, there are other factors which make Japan's largest cities a bit risky to live in.

Human pandemic, volcano, tsunami and drought as well as stock market crash, oil price shock, cyber-attack, sovereign default, nuclear accident and terrorism were all considered when choosing which cities were risky.

Among the 13 cities in Japan covered by the report, Tokyo ranked tops in terms of possible economic loss as a result of such events at $153.28 billion, followed by Osaka at $79.32 billion, which ranked eighth in the global list.

Tokyo has the highest economic exposure to flood, tsunami, oil price shock, power outage and solar storm among the cities, and ranks highly for volcano (second), heatwave (third), market crash (third), wind storm (fourth) and drought (fourth).

The report also concludes that Japan faces the highest risks of flood, tsunami, oil price shock, power outage and solar storm among countries in terms of potential economic damages over the next decade.

Lloyd’s City Risk Index 2015-2025 also reports that Japan could lose 39 trillion yen ($324 billion) of its gross domestic product to potential natural disasters and man-made crises over the next decade. Well, that doesn't sound very promising, does it? I guess I'd better find a better place to keep my money other than under my mattress, eh?

After reading the report, I wonder how safe it actually is in Japan...

Have a great (and safe) day!


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