The northeasternmost part of the megathrust, segment E, has not ruptured since 1854. A future large earthquake involving a rupture along this and possibly other segments has been proposed as a major risk for the southern coast of Honshu. In 1999, the likelihood of the occurrence of a great earthquake in the
Tokai area in the 2000–2010 period was estimated to be in the range of 0.35–0.45. Despite the uncertainty of when such an earthquake will occur, local authorities are already taking action to prepare residents for what they regard as an inevitability. Following the
Hyūga-nada earthquake in August 2024, the
Japan Meteorological Agency (JMA) warned that the risks of a megathrust earthquake on the Nankai Trough is "relatively higher than usual", and issued a "caution" warning for the first time in Japanese history. Meanwhile, the agency also stressed that such earthquake was not imminent, though the probability was higher than usual.
Potential effects The Japanese government estimates that a major earthquake on the Nankai Trough would cause ¥169.5 trillion (US$1.54 trillion) in direct damage and ¥50.8 trillion (US$463 billion) in economic losses for the following year. A study by the
Japan Society of Civil Engineers in 2018 estimated that the long-term damage from the earthquake could result in ¥1.24 trillion (US$7.894 billion) in economic losses over a 20-year period. It is predicted that the economic damage is likely to be 10 times higher than for the
2011 Tōhoku earthquake and tsunami. The government estimated a worst-case scenario death toll as high as 323,000 in 2012. A later estimate from 2019 revised these figures down to 231,000 deaths and ¥213.7 trillion (US$1.501 trillion) in economic damage, due to improved earthquake resistance. ==List of occurrences==