Japan Looks at How to Fund Reconstruction

[AsahinaKimi]

By MEGUMI FUJIKAWA And TAKASHI NAKAMICHI

TOKYO—Just hours after a massive earthquake and tsunami struck Japan on Friday, government officials, the Bank of Japan and usually warring politicians promised to do what they can to figure out how to pay for the reconstruction work that will be required and to deal with the possible economic fallout from the disaster.

Soon after the earthquake hit, the central bank quickly announced that it has set up a disaster management team, headed by BOJ Governor Masaaki Shirakawa, at its head office in Tokyo and moved to ease any market worries by announcing that it was standing by to supply adequate liquidity to the money markets.

"The Bank will continue to do its utmost, including the provision of liquidity, to ensure the stability in financial markets and to secure the smooth settlement of funds, in the coming week," it said in an emergency statement.

http://online.wsj.com/article/SB10001424052748703597804576194342652533736.html?utm_campaign=The+Japan+News+-+Google+News&utm_medium=Twitter&utm_source=SNS.analytics


BTW...on edit, I donated 100 USD to the Japanese disaster relief fund via the Red Cross. Anyone else who would like to, I am sure they will need it!

[Uncle Joe]

1. Kicked and recommended.

Thanks for the thread, AsahinaKimi.

[ej510]

2. Japan actually give a damn about its citizens. The US not so much.

[tridim]

3. Our banks would be figuring out how to profit on the disaster.

They probably are as we type.

[AsahinaKimi]

I am going to kick this only because

to remind anyone who would like to donate to the Red Cross Japanese Disaster Relief fund and will
even include a link!

http://www.redcross.org/

[AsahinaKimi]

4. duplicate posting