Typhoon Lan poses a $35 billion threat to Japan in worst case

Bloomberg

Typhoon Lan, which is forecast to strike near Tokyo, may cause an estimated $25 billion to $35 billion in damage, said Chuck Watson, a disaster modeler with Enki Research in Georgia.
Lan is about 1,169 miles south of Tokyo with top winds of almost 150 miles per hour. That would make it the equivalent of a Category 4 hurricane on the five-step Saffir-Simpson scale, according to the Joint Typhoon Warning Center in Hawaii, a combined US Navy and Air Force operation. While the storm’s expected
to strengthen in the next day, it’s forecast to weaken as it nears
the coastline.
If it stays on track, Lan will approach Tokyo Bay about 3 am local time on Monday. A wobble in the storm’s path could spare Japan damage but right now the forecast is pretty much “a worst-case track,” Watson said.
Japanese infrastructure is better-equipped to handle a storm like Lan than its US equivalent, Watson said.
“For typhoons, they are better prepared and better able to deal with them than the US is for hurricanes,” he said. “Bring that same storm into New York City or Miami and it is a $75 billion to $100 billion storm.”
Lan is the latest in a string of devastating tropical cyclones including Maria, Irma, Harvey and Ophelia that have struck Texas, Florida, Puerto Rico and Ireland in the last two months.