Japan firms take few steps to brace for increasing floods: Reuters poll [Reuters]
MAZDA MOTOR CORP UNSP/ADR (MZDAY)
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Source: Reuters
Japan firms take few steps to brace for increasing floods: Reuters poll TOKYO (Reuters) - Japanese companies have contingency plans for the floods that increasingly drench this island nation, but most have done little to fortify facilities, relying instead on insurance and securing alternative supply sources, a Reuters poll found. Japanese have long been conditioned to prepare for earthquakes, but powerful typhoons and heavy rains have brought the risk of flooding to the forefront, as climate change brings ever more frequent bouts of extreme weather. The monthly Corporate Survey found 77% of Japanese firms have compiled business continuity plans for disasters, but just 45% of companies have taken steps to protect their facilities from inundation. Some 80% have bought insurance and three-fourth diversified their supply chains, the survey showed. “We need to reconsider (risk scenarios) on the assumption that abnormal weather is here to stay,” a manager of a transport equipment maker res
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