Japan quake disaster may cost $184 billion

Forum Contacts RSS		RUSSIAN

Japan quake disaster may cost $184 billion - economics minister

RIA Novosti, PUBLISHED May 23, 2011

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.

Topics: Asia, Japan

Other news:

Russia ready to finance Egypt first nuclear plant

Russia confirmed its participation in a tender to build Egypt's first nuclear power plant and said it was willing to help finance the project.

ARMZ acquires Australian uranium producer in $1.2 bln deal

ARMZ will pay eight Australian dollars per share, which represents a 15.5 percent premium on the average market price for 20 trading days.

Russia to start building Turkish NPP in 2013

Russia will start building Turkey's first NPP estimated at $20 billion in 2013, Russian ambassador to Ankara Vladimir Ivanovsky said.

Hero of the day

Alexander Chistozvonov: end of the Romantic period

Today, the army of managers is earnestly believing that one can take the man responsible for the licensing of alcoholic beverages, and put it on licensing, and even to supervise the nuclear reactor.

INTERVIEW

Christophe Behar
We are preparing now a review of these design options and the decision has to be made in 2012, by the public authorities. ASTRID basic and detailed design will be launched afterwards.

OPINION

Vladimir Rychin
AREVA will return the foreign workers to the uranium deposits in Niger, which have been evacuated after the September seizure of seven hostages.