Reconstruction will cost Japan 25tn Yen

Most Popular posts from other blogs...

23 March 2011 last updated at 07: 53 GMT the earthquake and tsunami caused massive damage to Japan's infrastructure Japan have after the deadly earthquake and tsunami, it costs about 25 trillion yen ($ 309bn, £ 189bn said has), rebuild the country.

The costs are about 6% of Japan's overall economic performance in 2010 and is the largest estimate so far.

According to the World Bank, Japan must new create up to five years and restore the damage.

The devastation was described as the biggest crisis in the country since the end of the second war.

The confirmed death toll from the earthquake and tsunami is now 9,079, with 12,645.

Significant failures

According to the Government the future can derail damage to infrastructure and the uncertainty of the nuclear power station Fukushima Daiichi Japan's fragile economic recovery which.

Japan is power deficiencies as well as shift confronted difficulties products around the country.

Continue reading the most important story

the earthquake impact on the economy, at least on the supply side, may be larger than the Kobe Quake for 16 years "

Ryuzo MIYAO quote end Bank of Japan"The impact of the planned power outages will be expected to be significant"Fumihira Nishizaki said", Director of macroeconomic analysis of the Cabinet Office.

These questions are difficult for some of the largest exporters of the country, such as automakers and electronics companies, production on their factories restart make.

Japan's economic growth is driven by its successful export sector.

Analysts say that growth will suffer until infrastructure problems have been resolved and you start again with full capacity factories run.

The Bank of Japan warned of the impact on growth.

"This quake the State of Japan's economy and output serious causes," said Bank Governor Masaaki Shirakawa of Japan.

Further slowdown

Japan's economy was struggling to come out of the recession and the global economic downturn even before the earthquake and tsunami hit.

It was overtaken by China as the world's second largest economy after its economy 2010 shrank to 1.3% in the last three months.

Analysts say that the current crisis, which now considered more severe than previous earthquakes like that hit the Kobe Japan growth brakes.

"We must be aware that the earthquake effects on the economy at least negative, on the supply side might be larger than the Kobe Quake 16 years ago and be renewed," Ryuzo MIYAO, Member of the Board of Bank said of Japan.