The damages to the infrastructure from the large earthquake that struck Japan on January 1st may exceed 6.4 billion dollars, according to Reuters. According to the estimation by the catastrophe modeling firm Karen Clark & Co., residential real estate accounts for approximately 70 percent of the total losses, as commercial and industrial buildings in the affected cities were predominantly earthquake-resistant. It is also emphasized that, at the initial stage, the government of the affected country will allocate $32.3 million to support the disaster-stricken areas. However, Japanese Prime Minist…