Bank Of Baku

Japan announces $50 bn emergency budget

Japan announces $50 bn emergency budget
# 03 May 2011 07:43 (UTC +04:00)
Bakı - APA-Economics. Japanese Prime Minister Nato Kan bows before a press conference in Tokyo on Friday. Kan said Japan was facing “a crisis within a crisis” following last month’s mega-quake.

The country on Friday announced a $50 billion (4.02 trillion yen) emergency budget for reconstruction work in its tsunami-hit areas and widened a 20-km evacuation zone around the crippled Fukushima nuclear plant due to concerns over high radiation.

The first supplementary budget for the year, which was approved earlier this month, was already bigger than the three special budgets drawn up after the 1995 Kobe earthquake, totalling 3.23 trillion yen.
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