Bloomberg.com: Japan's Niigata Quake Most Costly Disaster in '07, Asahi Says

Jan. 21 (Bloomberg) -- Japan's Niigata earthquake in July 2007 was the most costly global disaster of the year, Japan's Asahi newspaper reported, citing a report from a UN agency.

The earthquake resulted in $12.5 billion in economic losses, according to the Jan. 18 report from the International Strategy for Disaster Reduction, the newspaper said.