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Japan draws up post-tsunami budget

Japan has drawn up an extra budget of around £30 billion to help finance post-tsunami reconstruction efforts.

The cabinet of prime minister Naoto Kan approved the budget totalling 4.02 trillion yen (£30.3 million), the finance ministry said. Japan's parliament is expected to pass the budget next week.

"This is the first step toward rebuilding Japan after the major disasters," finance minister Yoshihiko Noda told reporters.

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 north-eastern Japan and killed more than 25,000 people.

Under the budget, the government will spend over 362 billion yen to build temporary homes for disaster victims, with another 352 billion yen for clearing rubble.


From Belfast Telegraph