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Japan - tsunami following earthquake magnitude 9.0 on Friday (03/11/2011) in the area of Miyagi and Fukushima, Japan, devastated the country of the Rising Sun. Now it appears a matter of initial cost of rebuilding Japan. According to AFP and AP news on Wednesday (23/03/2011), the amount of that cost is 25 trillion yen or 309 billion U.S. dollars. Funds were included to rebuild infrastructure, homes, and factories. However, cost estimates do not include the economic impact caused by the disaster.
Damage caused by the earthquake and tsunami that occurred on March 11, mentioned as the worst experienced by Japan since the end of the Second World War. The death toll has now reached 9079 and 12,645 people missing.
According to the government, damage to infrastructure and the uncertainty of future nuclear reactor Fukushima Daiichi would hamper Japan's economic recovery. In addition to economic problems, Japan will also face power shortage.
Bank of Japan warned of the damage caused by the earthquake will cause fluctuations in economic growth. In fact, before the earthquake and tsunami happened, Japan was struggling to escape from the economic crisis. Japan's position as one of the world's economic power is now displaced by China.
Damage caused by the earthquake and tsunami that occurred on March 11, mentioned as the worst experienced by Japan since the end of the Second World War. The death toll has now reached 9079 and 12,645 people missing.
According to the government, damage to infrastructure and the uncertainty of future nuclear reactor Fukushima Daiichi would hamper Japan's economic recovery. In addition to economic problems, Japan will also face power shortage.
Bank of Japan warned of the damage caused by the earthquake will cause fluctuations in economic growth. In fact, before the earthquake and tsunami happened, Japan was struggling to escape from the economic crisis. Japan's position as one of the world's economic power is now displaced by China.
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