Japan quake disaster may cost $184 billion

Japan may spend from 10 trillion yen to 15 trillion yen (about $184 billion) on rebuilding its economy after a devastating earthquake and tsunami that struck the country’s northeast in March, Japanese Economics Minister Kaoru Yosano said on Sunday.

Yosano said the Japanese government may issue bonds to cover expenditures on the reconstruction effort.

The Japanese government has previously said the damage from the disaster could total $310 billion.

A 9.0-magnitude quake struck off Japan’s northeast coast on March 11, triggering a tsunami and explosions in the Fukushima nuclear power plant, which caused the worst nuclear crisis since Chernobyl in 1986.

Almost 15,000 people died in the disaster and 9,893 people remain unaccounted for.

MOSCOW, May 22 (RIA Novosti) 


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