Tokyo Bay Home Demand to Sag After Earthquake

Tokyo Bay Home Demand to Sag After Earthquake

Toshiyuki Aizawa/Bloomberg

While most of Tokyo avoided major damage in the March 11 quake because of stringent building codes, in some parts of Tokyo Bay the magnitude-9 temblor triggered liquefaction, a phenomenon where soil loses its strength after violent shaking. The most affected suburb was Urayasu , one of only three residential areas in greater Tokyo where land prices rose last year, and the home of the Tokyo Disneyland resort.