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More firms making continuity plans as flood risks increase

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Tomohisa Sashida, principal consultant at Tokio Marine and Nichido Risk Consulting Co. Ltd. said that Japanese companies are increasingly making business continuity plans for large-scale flooding along with quake-related risk management, Reuters reported. The Japan Society of Civil Engineers said that floods in Tokyo could cause $550 billion worth of damage if dikes and levees in low-lying areas are overwhelmed by heavy rains and floodwaters.

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