Govt OK’s ¥138.9 Billion in Fresh Spending over Noto Quake

Jiji Press

10:45 JST, April 24, 2024

TOKYO (Jiji Press) — The Japanese government Tuesday decided on additional spending of ¥138.9 billion from its reserve funds under its fiscal 2024 budget to support areas hit by the Jan. 1 Noto Peninsula earthquake.

This will be the fourth round of spending from the state reserve funds for the quake-affected areas in central Japan, bringing the total to over ¥400 billion.

“To accelerate the restoration and reconstruction of afflicted areas further, the government will make full efforts to help rebuild the lives and businesses of affected people,” Finance Minister Shunichi Suzuki told a news conference.

The government has so far spent ¥276.7 billion for the affected areas mainly from its reserve funds since the temblor occurred.