. Earth Science News .

Japan's lower house approves 2nd recovery budget
by Staff Writers
Tokyo (AFP) July 20, 2011

Japan's powerful lower house Wednesday approved a $25 billion extra budget to pay for relief and rebuilding after the March 11 quake-tsunami, amid mounting pressure on Prime Minister Naoto Kan to resign.

The two-trillion-yen second extra budget for fiscal 2011 will now go to the upper house, which is expected to enact it Friday, with support from both the ruling Democratic Party of Japan and the main opposition Liberal Democratic Party and its partner New Komeito.

The budget sets aside 800 billion yen in reserve for reconstruction and 275 billion yen for the nuclear crisis at Fukushima Daiichi nuclear plant, including compensation for victims and health checks for local residents.

The government will use surplus funds from last year to pay for the budget to avoid having to issue new bonds, as Japan already faces the industrialised world's largest public debt at around 200 percent of GDP.

Kan's government plans a third extra budget later this year, with analysts estimating it to be worth 10 trillion yen.

The government has estimated costs resulting from damage from the March 11 disasters at 16.9 trillion yen, but this does not include expenses associated with the crisis at the crippled Fukushima plant.

Kan's administration has faced heavy criticism for not acting swiftly enough to help victims of the earthquake and tsunami that devastated Japan's northern Pacific coasts, with his approval ratings limping below 20 percent.

The premier survived a no-confidence vote in June by promising to resign at some point in the future, and has since indicated that he will step down in late August.

His government is also seen to be slow in dealing with the nuclear crisis that has forced tens of thousands to evacuate their home and caused widening food contamination.

Related Links
Bringing Order To A World Of Disasters
A world of storm and tempest
When the Earth Quakes

Get Our Free Newsletters Via Email
Buy Advertising Editorial Enquiries

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Gym workout caused tremor at Seoul building: experts
Seoul (AFP) July 19, 2011
South Korean experts said Tuesday they believe a vigorous gym exercise session caused a high-rise building in the capital to shake for 10 minutes this month, prompting hundreds to flee in panic. They said tests showed that oscillations created by a group of Tae Bo practitioners on the 12th floor of the 39-story TechnoMart mall building apparently resonated through the structure. Tae Bo i ... read more

Japan's lower house approves 2nd recovery budget

Efforts to stabilise nuclear crisis on track - Japan

Gym workout caused tremor at Seoul building: experts

Stabilising Japan nuclear crisis on schedule: PM

Apple profit rockets with hot iPad, iPhone sales

Chilean copper-molybdenum mine moves ahead

Earnings-outlook spry at 100-year-old IBM

U.S. watches helium stockpile dwindle

Acidifying oceans could hit California mussels

Sea urchins cannot control invasive seaweeds

Sierra Leone launches $61 million water project

EU divided over fishing reform plan

Fast-Shrinking Greenland Glacier Experienced Rapid Growth During Cooler Times

Lie of the land beneath glaciers influences impact on sea levels

Antarctic suvey finds undersea volcanoes

Antarctic krill help to fertilize Southern Ocean with iron

Summer's superfruit challenged: Latin American blueberries found to be 'extreme superfruits'

Soil microbes accelerate global warming

Dry onion skin has a use

Fukushima cattle farmers despair over beef ban

One dead as typhoon sideswipes Japan

Uzbekistan quake kills at least 13, wounds dozens

Japan braces for strong typhoon Ma-On

After the ash, Iceland volcano rakes in tourism cash

UN asks for $500 million more in 2011 aid funding

At least 25 killed during Nigerian military raid: Amnesty

Burkina army sacks 566 soldiers over mutiny

WFP considers returning to rebel-held Somali regions

Brain's 'clock' less accurate with aging

New material could offer hope to those with no voice

Dhaka and Delhi launch census in enclaves

Cracking the Code of the Mind

Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement