Rebuilding may involve more bond issuance, tax hikes
Political mess adds to concerns about spending
By Tetsushi Kajimoto
TOKYO, May 2 (Reuters) - Japan's parliament on Monday passed a $50 billion emergency budget for disaster relief after the March 11 earthquake and tsunami, a downpayment on what is set to be country's biggest public works effort in six decades.
The overall cost of damage caused by the world's costliest natural disaster is estimated at $300 billion and the 4 trillion yen emergency budget will be followed by more reconstruction spending packages.
Read the full report on Alertnet
- Reuters - Thomson Reuters Foundation
- For more humanitarian news and analysis, please visit https://www.trust.org/alertnet