Japan raises quake system limit once again

Japan has added another ¥400bn (US$3.1bn) to the limit of its state-backed earthquake scheme for domestic risks. As of the beginning of last month, the limit for aggregate damage covered by the scheme is ¥4500bn following another review of the probable maximum loss of a repeat to 1923’s Great Kanto earthquake, the most damaging quake to hit the country in living memory.