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Report: Cost of Japan's disasters up to $300 bln

Report: Cost of Japan's disasters up to $300 bln

The economic newspaper Nihon Keizai Shimbun says the government estimates the economic toll from Japan's earthquake and tsunami could exceed $300 billion.
The newspaper said Economy Minister Kaoru Yosano will present the estimate of 15 trillion yen to 25 trillion yen ($185 billion to $300 billion) at a Cabinet meeting on Wednesday.
The March 11 magnitude-9.0 quake and tsunami devastated Japan's northeastern coast and triggered a crisis at a nuclear power plant.
Utilities have imposed power rationing, many factories remain closed and key rail lines are impassable.


Updated : 2020-12-03 06:20 GMT+08:00