The Japanese government approved Friday, April 22, a supplementary budget to clear the rubble, restore buildings and construct temporary housing for tens of thousands of disaster victims or evacuees who live odds and ends from the earthquake. The Diet must approve a request for additional appropriations of about 4000 billion yen (33 billion euros) to finance the start of reconstruction in the north-east of the country, devastated by an earthquake and tsunami.
An examination of the text should begin on April 28. "We want to build 30,000 temporary shelters by the end of May," said the Prime Minister, Naoto Kan. Savings will be made on other positions to fund the first extension, but a second, size "large" will be essential given the scale of need.
The state estimates that 25,000 billion yen (210 billion) the cost of damage caused by the disaster, not to mention the consequences of the nuclear accident. Mr. Kan acknowledged that the use of additional debt will be "necessary". "It is not desirable that the reconstruction is hindered by a lack of financial resources.
We will ensure flow of funds through the issuance of treasury bonds and other means," he added. Japan is already weighted with debt that is about twice its gross domestic product (GDP). Tax revenues are clearly insufficient, and the initial budget for the current year is already covered more than 40% by issuing state bonds.
Tax revenues are clearly inadequate, the burden continues to rise, amid economic gloom throbbing since the early 1990s. "Our country has faced many problems over the last twenty years, with a depressed economy, a number of suicides that do not fall. (...) The current crisis is not the only one, it is a crisis in crisis, "complained the head of government.
The country should finance this extension with pension funds, but also tap into emergency reserves of the state. The use of pension funds is controversial in a country where the population is aging rapidly. The BBC said the government is also considering a tax increase. The operator of the damaged nuclear power plant in Fukushima Daiichi, TEPCO began to receive requests for compensation for which he must pay a deposit of one million yen (8,300 euros) per household evacuated from Fukushima.
The mayor of the city of Minami-Soma in this province irradiated Katsunobu Sakurai, is meanwhile one of the hundred most influential people of the year, according to Time magazine. He distinguished himself for having slammed the government's response to this unprecedented crisis atomic. 
An examination of the text should begin on April 28. "We want to build 30,000 temporary shelters by the end of May," said the Prime Minister, Naoto Kan. Savings will be made on other positions to fund the first extension, but a second, size "large" will be essential given the scale of need.
The state estimates that 25,000 billion yen (210 billion) the cost of damage caused by the disaster, not to mention the consequences of the nuclear accident. Mr. Kan acknowledged that the use of additional debt will be "necessary". "It is not desirable that the reconstruction is hindered by a lack of financial resources.
We will ensure flow of funds through the issuance of treasury bonds and other means," he added. Japan is already weighted with debt that is about twice its gross domestic product (GDP). Tax revenues are clearly insufficient, and the initial budget for the current year is already covered more than 40% by issuing state bonds.
Tax revenues are clearly inadequate, the burden continues to rise, amid economic gloom throbbing since the early 1990s. "Our country has faced many problems over the last twenty years, with a depressed economy, a number of suicides that do not fall. (...) The current crisis is not the only one, it is a crisis in crisis, "complained the head of government.
The country should finance this extension with pension funds, but also tap into emergency reserves of the state. The use of pension funds is controversial in a country where the population is aging rapidly. The BBC said the government is also considering a tax increase. The operator of the damaged nuclear power plant in Fukushima Daiichi, TEPCO began to receive requests for compensation for which he must pay a deposit of one million yen (8,300 euros) per household evacuated from Fukushima.
The mayor of the city of Minami-Soma in this province irradiated Katsunobu Sakurai, is meanwhile one of the hundred most influential people of the year, according to Time magazine. He distinguished himself for having slammed the government's response to this unprecedented crisis atomic.
- First Japanese radioactive particles reach U.S. West Coast but UN officials claim they're a 'billion times' beneath danger levels (18/03/2011)
- Tsunami VIDEO in Japan: FIRST FULL IMAGES EMERGE FROM Miyagi Prefecture (宮城) in the city of Kesennuma (気仙沼市) show the first wave destroy an entire city of 80,000 residents (17/03/2011)
- Earthquake / Tsunami / Vulcan in Japan - Please Help (14/03/2011)
- Mon cœur est au Japon (11/03/2011)
- 'It is time for a change' (25/03/2011)
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