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© KYODODisaster recovery debts in Japan proving tough to service
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englisc aspyrgend
Rainy day, thank you.
rainyday
That isthenirm here too. But that insurance doesn’t cover the costs of stuff like rebuilding the road to you home, etc.
Hugo Kempeneer
Maybe Japan should not buy expensive military hardware and take care of their citizens, what’s more important?
englisc aspyrgend
Is it not normal for householders in Japan to have buildings insurance? Here it is the norm but it may not be in Japan?
talaraedokko
Sorry folks, military comes first.
rainyday
I tend to agree with this. Spending 10s of billions of Yen to repair roads and rice fields ina town of 4600 is not an efficient use of resources, especially if, as I am cautiously assuming to be the case, the town is like every other farming town in this country and slowly undergoing a demographic collapse that will probably see it abandoned by the end of this century anyway.
talaraedokko
Grown through investments......is this supposed to be a joke or what? A Japanese government entity looking to MAKE money through investing?
Didnt the Japanese RedCtoss put all the Fukushima donations into a fund investing in Vietnam rather than give it to the needy in the disaster areas?
Schopenhauer
Japanese people like to own houses. Renting housings will help the problem.
smithinjapan
Maybe stop spending on new missile systems?
Wolfpack
It really has been a tough year for Japan. The next three months can’t go by fast enough.
talaraedokko
Of course. We saw this coming. Guess what, lots more where this comes from. With climate change just now taking off we'll get many more disasters..soon. Be ready!
browny1
The Hokkaido govt has faced squarely the reality of the tragic disaster, and put restoring the infrastructure and peoples welfare at the forefront. It will be a very hard task, but never-the-less they appear committed to the ordinary citizens. Cancelling the Olympic bid to divert resources to where they are most needed, is truly commendable.
Abe Inc on the other other, believe squeezing the ordinary citizens through loans etc, stalling on infrastructure re-build and diverting funds and construction work to the 2020 Olympic cause, will help alleviate the suffering of many.
One approach focusses on the plight of people, and one approach focusses on the plight of the govt.
kohakuebisu
With landslides onto paddy fields, you can end up with astronomical amounts to repair single fields that net their owners very little when farmed. This is a poor use of taxpayer money. It would be wiser to accept that the landscape has changed and pay the farmer a bit of compensation. 90% of rice growers are part-timers whose main income lies elsewhere.
The loans of "up to 3.5 million yen" sound like emergency support for dislocated people. They are not for rebuilding. The government loans offered for rebuilding are much higher, but are not easy to qualify for and take ages to process. Anyone who qualifies probably qualifies for a regular bank loan anyway.
If the government did not waste money rebulldozing paddy fields and reconcreting river banks post disasters, there would be more money for ordinary people.
ozziedesigner
It's all just BS digitally invented or printed money anyway
MichaelBukakis
Don’t forget the Fukushima nuclear disaster which has all residents on the hook for...wait for it.....600 billion USD. Or, 60,000,000,000,000 yen. Yes trillions. Tell us more about cheap nuclear power.
Do the hustle
Yubaru
Grown through investments......is this supposed to be a joke or what? A Japanese government entity looking to MAKE money through investing?
Their fastest answer to this is to "grow" more tax money into the fund! That's their idea of "grown through investments".
Yubaru
70 years old, working at a job that pays 880 per hour, to make money to live, and is expected to repay loans as well?
Literally retire the debt, and let him retire too! In peace!
Silvafan
All of these natural disasters are either really good or really bad for the insurance industry because it can mean a lot of new customers or just a lot of payouts.