![]() It estimated there was 884,100,000 yen (value as of August 1945) lost. More detailed data on the total losses can be found in Hiroshima, Nagasaki no Genbaku Saigai (1979), jointly edited by Hiroshima City and Nagasaki City. dollar was 50 yen/dollar in 1947 (military exchange rate) and 360 yen/dollar in 1949.) (For reference, the exchange rates for Japanese yen to U.S. On the other hand, a report published by the Economic Stabilization Board in 1949 estimates the total property damage in Hiroshima City was 695,000,000 yen (at the time). This number included 64,000 private homes and 600 factories, allowing us to estimate the amount of damaged furniture, private property, and plant facilities.Īccording to the Municipal Handbook 1946 edition (1947) published by the City of Hiroshima, the total amount of damage in six categories (private homes, buildings, bridges, roads, private property, and communication facilities) was estimated to have been 763,430,000 yen (at the time). However, there are ways to estimate the value of the physical property that was lost.įor example, a survey conducted by the City of Hiroshima revealed that 70,147 out of a total 76,327 buildings including houses, stores, factories, and schools had been totally or partially incinerated or destroyed. ![]() ![]() Unfortunately, estimating the value of the financial assets that were lost is practically impossible as crucial documents and books were incinerated. cash, deposits, savings, stocks, and securities). buildings, machines, equipment, roads, and bridges) and financial assets lost (e.g. Economic loss refers to the physical property lost (e.g.
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