In particular, Typhoon Vera, also known as the Isewan Typhoon, struck in September 1959, becoming a turning point for Japan in developing disaster countermeasures.4 The extensive damage caused by the Isewan Typhoon led to the Basic Act on Disaster Management, which stipulates the basics underlying Japan's disaster management and control measures, being enforced in 1962 (Chart 2).
In response to this, the Bank of Japan formulated its disaster management operation plan in 1967. The theme of this symposium is "The Impact of Natural Disasters on Financial Markets and Financial Institutions."