Tag: Japon

• Tuesday, April 26th 2011 - 03:28 UTC

  Japan begins discussion of rebuilding budget; damages cost over 300 billion USD

  

  Japan's cabinet approved almost US$50 billion of spending for post-earthquake rebuilding, the country's biggest public works effort in six decades. The emergency budget of 4 trillion Yen, which is likely be followed by more reconstruction spending packages, is still dwarfed by the overall cost of damages caused by the March 11 earthquake and tsunami, estimated at US$300 billion.

• Thursday, March 24th 2011 - 03:42 UTC

  Japan estimates cost of the earthquake and tsunami could reach 300 billion USD

  

  Japan estimated the cost of the damage from its devastating earthquake and tsunami could top 300 billion US dollars (close to 6% of GDP). The first official estimate since the March 11 disaster covers damage to roads, homes, factories and infrastructure.

• Tuesday, March 22nd 2011 - 08:15 UTC

  World Bank forecasts Japanese economy will begin recovering at the end of 2011

  

  Japan's devastating earthquake and tsunami will depress growth briefly before reconstruction kicks off and gives the beleaguered economy a boost, the World Bank said in a report.