SOURCE: Industrial Info Resources

Industrial Info Resources

April 06, 2011 05:10 ET

Japan Prepares for Reconstruction Costs of $310 Billion, an Industrial Info News Alert

KOFU-SHI, JAPAN--(Marketwire - April 6, 2011) -  Researched by Industrial Info Resources East Asia (Kofu-shi, Japan) -- Prime Minister Naoto Kan, Chief Cabinet Secretary Yukio Edano and other Japanese officials reverted from blue emergency jumpsuits to traditional business suits on Friday, April 1, signaling that the main priority of the government is now to rebuild Japan. Currently, reconstruction efforts could total more than $310 billion, making the 9.0-magnitude earthquake, along with other events related to March 11, one of the world's costliest natural disasters.

Most domestic engineering and construction firms, including Shimizu Corporation (TYO:1803) (Tokyo), Taisei Corporation (TYO:1801) (Tokyo), Ohbayashi Corporation (TYO:1802) (Osaka, Japan) and Kajima Construction Corporation Limited (TYO:1812), have set up divisions that will deal directly with reconstruction efforts.

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