Japan draws up budget for post-tsunami rebuilding

Updated: 2011-04-22 10:49


Twitter Facebook Myspace Yahoo! Linkedin Mixx

TOKYO - Japan drew up an extra budget worth over $50 billion on Friday to help finance post-tsunami reconstruction efforts.

Related readings:
Japan draws up budget for post-tsunami rebuilding Japan orders evacuation around plant
Japan draws up budget for post-tsunami rebuilding Japan to allow TEPCO to remain listed 
Japan draws up budget for post-tsunami rebuilding Japan declares no-go zone around nuke plant

The Cabinet of Prime Minister Naoto Kan approved the budget totaling 4.02 trillion yen ($50 billion), the finance ministry said. Japan's parliament is expected to pass the budget next week.

Of the budget, the government will allocate around 1.2 trillion yen to fix roads and ports damaged by the March 11 earthquake and tsunami.

The twin disasters decimated much of northeastern Japan, leaving more than 27,000 people dead or missing.

The government has said the cost of the tsunami disasters could reach $309 billion, making it the world's most expensive natural disaster on record.


Blowing in the wind

High-Flyers from around the world recently traveled to home of the kite for a very special event.

Image maker
Changing fortunes
Two motherlands

European Edition


Urban breathing space

City park at heart of Changchun positions itself as top tourism attraction

On a roll

Auto hub Changchun also sets its sight on taking lead in railway sector

The stage is set

The Edinburgh International Festival will have a Chinese flavor this year.

25 years after Chernobyl
Luxury car show
Peking Opera revival