Tags: AS | Japan | Earthquake | Economy

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

Tuesday, 22 Mar 2011 11:41 PM

 

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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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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