Tags: AS | Japan | Earthquake | Economy

Report: Cost of Japan's Disasters up to $300 Bln

Tuesday, 22 Mar 2011 11:41 PM

 

TOKYO (AP) — 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.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

WH Official: Secret Service Can Protect Against Drones

Wednesday, 28 Jan 2015 17:13 PM

The Secret Service is prepared to protect the White House from drone attacks, said Deputy Press Secretary Eric Schultz W . . .

Democrats Fight GOP on Immigration Funds Without Blocking Obama

Wednesday, 28 Jan 2015 17:07 PM

Senate Democrats are increasing pressure on majority Republicans to abandon plans to block President Barack Obama's immi . . .

Sen. McCain Mocks White House 'Delusion' of Cooperative Iran

Wednesday, 28 Jan 2015 16:47 PM

The Obama administration is operating on the delusion that a nuclear deal with Iran will turn one of America's most im . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved