Tokyo at Greatest Risks to Economic Output among World Cities

June 8, 2018

Tokyo- Tokyo faces the greatest risks among world cities to economic output from such threats as conflicts, natural disasters and financial market crashes, according to a recent survey by major British reinsurer Lloyd's.

The survey, covering 279 cities across the world, estimated the amount of economic output a city may lose in terms of annual gross domestic product from the impact of 22 threats.

In the survey, conducted jointly with Cambridge University, Tokyo ranked top, having 24.3 billion dollars of economic output at risk annually, followed by New York with 14.8 billion dollars and Manila with 13.3 billion dollars.

For Tokyo, interstate conflicts, over the Korean Peninsula and the South China Sea, are the greatest risk, according to the survey. The Japanese capital also faces major risks from natural disasters, such as tropical storms, floods and earthquakes, the survey showed.

Among other five Japanese cities covered by the survey, Osaka ranked sixth, having 12.4 billion dollars at risk.

The survey also showed that Tokyo would lose as much as 1,266.6 billion dollars from an interstate conflict and some 762 billion dollars from a nuclear accident if such threats materialize. Jiji Press