As major storm in Japan fears growth in economic losses


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A typhoon that ravaged Japan, killing 11 people and injuring hundreds, has damaged the third largest airport in the country so much that it could be closed for at least a week, officials said Wednesday.

With the storm now heading offshore as a low-pressure system, the long-term effects on business and tourism are a major concern.

Referring to the damaged airport, Akira Yoshimura, a head of the economic research division of MUFG Bank, said: "If Kansai Airport does not open for a long time, it could have a impact not only on the economy of Osaka but in all. to a certain extent, "according to comments made by the Japanese broadcaster NHK.

The Mainichi, an English-language newspaper in Japan, said travel agencies had canceled scheduled tours this week from the airport.

"The impact of closing the airport is important," said a KNT Kansai travel agency official, quoted by the newspaper.

Follow Mike Ives on Twitter: @mikeives.

Makiko Inoue and Motoko Rich contributed to the report.

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