City
Epaper

Japan to spend extra 892 million USD in reserves on disaster relief, election

By IANS | Updated: October 11, 2024 18:00 IST

Tokyo, Oct 11 The Japanese government on Friday decided to spend around 132.5 billion yen (about $892 million) ...

Open in App

Tokyo, Oct 11 The Japanese government on Friday decided to spend around 132.5 billion yen (about $892 million) from reserve funds on disaster relief for the quake-hit Noto peninsula and costs for the upcoming general election.

The decision marked the first time for the administration of Prime Minister Shigeru Ishiba, who took office earlier this month, to allocate reserve funds, which the government can use at its discretion without parliamentary approval, Xinhua news agency reported.

About 50.9 billion yen was earmarked for reconstruction efforts such as rebuilding roads and public facilities and other projects in the Noto peninsula in Ishikawa prefecture, which was struck by a strong earthquake on New Year's Day and heavy rains last month.

It will be the seventh allocation from the reserve funds for the central peninsula since the January disaster, when Ishiba's predecessor, Fumio Kishida, was in office, bringing the total to about 715 billion yen.

Another 81.6 billion yen will be used to cover the costs for the general election for the House of Representatives and voting on whether to retain Supreme Court justices, both on October 27, the government said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentAnupam Kher speaks up on his cinematic pursuit of real-life, rooted stories

National‘Burden imposed on common people’: Former Rajasthan CM on fuel price hike​

BusinessRetail inflation may rise to 5.1% in current fiscal from 2% in last fiscal: Crisil

BusinessAgriculture Emerges as the Career of the Future: Kaveri University Launches Next-Gen AgriTech Programmes in Collaboration with IBM

BusinessHow Regional Demand Is Quietly Shaping Gold Prices Across India?

International Realted Stories

InternationalTrump wanted to go nuclear, stopped as Joint Chiefs Chairman said no: Ex CIA Analyst

InternationalPakistan: KP health department's administrative cadre near collapse amid policy shifts

InternationalAfrica CDC confirms Ebola outbreak in eastern Congo

InternationalStolen childhoods: Leading Pak minority rights group alarmed over persistence of child marriage

InternationalUS-Iran negotiations suffering "mistrust": Iranian FM Araghchi pivots to China, as Pakistan mediation hits "difficult course"