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Japan says quake rebuilding to cost as much as 25tn yen

The earthquake and tsunami have caused massive damage to Japan’s infrastructure

Japan has said it will cost as much as 25 trillion yen ($309bn; £189bn) to rebuild the country after the deadly earthquake and tsunami.(bbc.co.uk)

The cost is about 6% of Japan’s total economic output in 2010 and is the biggest estimate so far.

According to the World Bank, Japan will need up to five years to rebuild and recover from the damage caused.

The devastation has been described as the country’s biggest crisis since the end of World War II. Continue reading