15,889 deaths were confirmed to have occurred and 2,601 people are still missing after the event. Of the victims, 14,308 drowned, demonstrating the costly impact of the tsunami on lives. The destruction of homes has led to the displacement of large numbers of people. This resulted in the evacuation of a large number of 341,411 people in January 2012. The tsunami also had a negative impact on the economy. In 2011, Japan estimated that the cost of repairing direct damage alone was $300 billion. The Japanese economy suffered from this event and its real GDP contracted by 3.7% between January and March. Many businesses suffered from the disaster and a total of 644 businesses were bankrupted due to the disaster.