Japan to spend extra US$660m in quake relief

Japan to spend extra US$660m in quake relief
Japan to spend extra US$660m in quake relief

Hello and welcome to the details of Japan to spend extra US$660m in quake relief and now with the details

Nevin Al Sukari - Sana'a - Japan will spend an additional 100 million yen rebuilding areas ravaged by a devastating New Year’s Day earthquake, its prime minister said. — Reuters pic

TOKYO, Feb 25 — Japan will spend an additional US$660 million (RM3.15 billion) rebuilding areas ravaged by a devastating New Year’s Day earthquake, its prime minister said, taking the total amount of quake relief to US$1.7 billion.

The magnitude-7.5 earthquake and its aftershocks devastated parts of the Ishikawa region on the Sea of Japan coast, toppling buildings, ripping up roads and sparking a major fire.

So far 241 people were confirmed to have been killed by the disaster, with more than 10,000 people taking refuge at shelters and hotels, and water still cut off in some parts of Ishikawa.

The new financial aid was announced by Prime Minister Fumio Kishida on Saturday as he visited the quake-hit areas to assess the situation.

Advertisement

“The living conditions at temporary shelters are improving, but I will bear in mind that the reality remains tough as ever”, Kishida told reporters at the hardest-hit city of Wajima.

The inspection “renewed the government’s determination to work toward providing more support”, he said.

Kishida said the additional spending of around 100 billion yen (RM3.17 billion) from the current fiscal year’s reserve funds — used for disaster relief and other contingencies — is set to be approved by his Cabinet in the coming days.

Advertisement

This will mark the third allocation of the emergency funds to efforts to recover from the New Year’s Day quake, with the amount now expected to total over 260 billion yen.

The latest funds are designed in part to finance a subsidy system that seeks to help young and child-rearing families rebuild their destroyed homes, Kishida said.

The prime minister added efforts would be sped up to construct prefabricated temporary housing, while vowing more support for Wajima’s traditional artifact industry known for exquisite lacquerware.

Damage from the quake in Ishikawa and two neighbouring regions is likely to cost between 1.1 trillion yen and 2.6 trillion yen, according to a government estimate as of last month.

But even the top estimate is much less than the 16.9 trillion yen damage caused by the 2011 earthquake and tsunami in northeastern Japan.

That disaster left around 18,500 people dead or missing and triggered a meltdown at the Fukushima atomic plant, the world’s worst nuclear accident since Chernobyl. — AFP

These were the details of the news Japan to spend extra US$660m in quake relief for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Belgium charges three Chechens on suspicion of ‘terrorism’
NEXT US military raises alert level for Europe bases: reports

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]