ECONOMIC AFTERSHOCK

WITH AT LEAST $100 BILLION IN DAMAGE, EVEN JAPAN WILL BE HARD PRESSED TO COPE

The aftershocks are not always physical, the damage not always measured in coffins and cracked pillars. Just as the port city of Kobe stirred painfully back to life last week from the quake that killed more than 5,000 people and left 300,000 homeless, a psychological temblor hit the Tokyo exchange. On the blackest trading day in nearly four years, the Tokyo exchange's Nikkei average shed 1,054 points, or 5.6% of value, as investors began to size up the blow Japan had suffered. Among the army of construction crews that moved in to occupy Kobe last week, a Tobishima Corp. supervisor surveyed...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!