World Bank: Reconstruction of Japan Will Lasts 5 Years
21 Maret 2011
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SINGAPORE - The World Bank said that Japan may take five years for reconstruction after the earthquake and tsunamis that cause losses up to USD235 billion.
The disaster occurred on 11 March and killed more than 8,600 people and left 12,800 missing people is projected to cut the country's economic growth to 0.5 percent in 2011 this. The impact, will be felt in the first half of this year.
"The damage that occurred du housing and infrastructure can not be predicted. Economic growth seems to be willing to decline, and the reconstruction effort could take up to five years,"said World Bank as quoted by the Associated Press (AP), Monday (21/03/2011).
The World Bank estimates the value of damage caused by natural disasters was approximately USD123 billion to USD235 billion, and costs by pihaki private insurance to cover claims between $ 14 billion to USD33 billion.
He also said the Japanese government will spend funds amounting to USD12 billion for reconstruction is taken from the shopping budget. This budget was projected to be even bigger in future periods.
Nuclear crisis is happening now has spread into the food and beverages produced in Japan. Traces of radiation was first detected in spinach and milk from farms near the nuclear plant will come back a long way in tap water, rain and even dust. The government says the radiation level was too small to cause a direct risk to health.
It is projected to reduce short-term consumer demand in Japan and manufacturing production will also be detrimental to trade with neighboring countries. South Korean electronics company has seen the potential of the memory chips will grow by 20 percent because of production in Japan. While car exporter Thailand said it would run out of Japan's auto parts production next month.
The disaster occurred on 11 March and killed more than 8,600 people and left 12,800 missing people is projected to cut the country's economic growth to 0.5 percent in 2011 this. The impact, will be felt in the first half of this year.
"The damage that occurred du housing and infrastructure can not be predicted. Economic growth seems to be willing to decline, and the reconstruction effort could take up to five years,"said World Bank as quoted by the Associated Press (AP), Monday (21/03/2011).
The World Bank estimates the value of damage caused by natural disasters was approximately USD123 billion to USD235 billion, and costs by pihaki private insurance to cover claims between $ 14 billion to USD33 billion.
He also said the Japanese government will spend funds amounting to USD12 billion for reconstruction is taken from the shopping budget. This budget was projected to be even bigger in future periods.
Nuclear crisis is happening now has spread into the food and beverages produced in Japan. Traces of radiation was first detected in spinach and milk from farms near the nuclear plant will come back a long way in tap water, rain and even dust. The government says the radiation level was too small to cause a direct risk to health.
It is projected to reduce short-term consumer demand in Japan and manufacturing production will also be detrimental to trade with neighboring countries. South Korean electronics company has seen the potential of the memory chips will grow by 20 percent because of production in Japan. While car exporter Thailand said it would run out of Japan's auto parts production next month.
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