$24.7 Billion Approved by Japan’s Cabinet for Disaster Relief

Japans government has approved a second budget of 2tn yen $24.7bn; £15.4bn for reconstruction after the 11 March earthquake and tsunami.The money will be spent on rebuilding, and on compensating victims of the Fukushima nuclear crisis.Japan is facing huge public debts and will not borrow money from the market for this budget.

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