Niea Milwaukee 2009 Again

Japan deputy finmin says extra budgets may top 10 trln yen

Posted by TerranceV | Uncategorized | Posted on March 31st, 2011

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, March 31 (Reuters) – Japan’s deputy finance minister
Mitsuru Sakurai signalled on Thursday that the government may
need to spend over 10 trillion yen ($120 billion)in emergency
budgets for disaster relief and reconstruction.

Asked how the government will finance extra budgets to pay
for quake-related costs, Sakurai told a news conference: “When
considering the magnitude (of the damage), I don’t think it will
be something like 10 trillion yen,” signalling that the amount
will be higher.

($1 = 82.875 Japanese Yen)

(Reporting by Kaori Kaneko)

Originally Published On: www.reuters.com – Original Article Here