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Tag Archives: Japan
On low probability-high cost events
Earthquakes, tsunamis, and nuclear accidents are low probability-high cost events. So are financial crises. There is nothing we can do to prevent earthquakes and tsunamis. Sure, with improving technology, we are sometimes able to get a bit of advance warning. … Continue reading
Japanese tragedy
The tragedy unfolding in Japan at the moment is of unfathomable proportions. Natural disasters, nuclear disasters, and a great deal of worry that the worst is not yet passed. This is, of course, not the first time Japan has been … Continue reading
Posted in Financial Crisis
Tagged Bankof Japan, Great Kanto Earthquake, Japan, Joshua Hammer
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