Recently, Typhoon Hagibis appeared near Japan, especially the Kanto Region. The devastating typhoon had continued disrupting Japanese business and economic sectors since its emergence. Resulting in the disrupted Japanese market.
Reportedly, Typhoon Hagibis caused flood and power outages in the Kanto Region. The mobile network stopped working and logistic delivery suffered much from it.
One of the businesses in Japan which got disrupted is Tokiko Shimizu. head of the Bank of Japan branch in Nagoya, described the damage to logistics as tremendous. Accordingly, the jeopardy in central Japan might potentially affect many automobile companies in the area, including Toyota.
Logistics company Yamato Transport also canceled its service to some areas, including northern and eastern areas of the country. 45 gas stations in eastern Japan and 30 Seven-Eleven stores in Kanto Region stopped operating as well.
Companies such as NTT Docomo, KDDI, and SoftBank experienced failures as well in several areas. While some areas experienced partial disturbance, others were not able to access the telephone network.
Furthermore, the damage also affected other Japanese companies in other sectors. The bullet train and flight services canceled some of the trips. Amusement and recreational parks such as Disneyland had to close considering the danger.
Accordingly, the damage was immensely calamitous and causing loss to the country. Despite the damage, the Bank of Japan still strongly believes in its economic views. While the institution will rigorously investigate the further impact of the catastrophe.
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The Devastating Typhoon Hagibis
The tropical cyclone Hagibis was considered the worst natural disaster to hit the area of Kanto since Typhoon Ida in 1958. The ruinous typhoon induced flood and landfall in several areas, causing massive loss and casualties.
As the typhoon hit residential areas, the aftermath of the typhoon Hagibis is 68 death toll. The typhoon caused more than a dozen others missing. Accordingly, the Japanese Meteorological Agency (JMA) issued a Level 5 Emergency Weather Warning.
“It is a level 5 situation; some sort of disaster may have already taken place. People strongly recommended to act to protect their lives right away,” said JMA weather forecaster, Yasushi Kajiwara.
Search and rescue operations still continue for the flood that happened in more than 140 rivers. Fire and Disaster Management Agency ordered evacuations of 936.113 people in eight prefectures across the Kanto Region.
The Ministry of Land, Infrastructure, and Transport considered discharging water from three dams due to heavy rain. Arguably, the heavy rain might possibly cause flooding downstream.
Although the typhoon weakened as it approached Japan, it was still considered dangerous. The maximum winds were up to 195 kilometers per hour (122 mph) equivalent to a Category 3 Atlantic hurricane.
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