JAPAN DATA: The Japanese government says that its Y4 trillion first
supplementary budget for rebuilding quake-hit areas is estimated to push
up Japan’s gross domestic product by a real 0.6 percentage point. The
Cabinet Office also estimates the budget will create 200,000 jobs and
support firms to maintain 1.5 million existing positions. The government
has said the massive damage inflicted by the March 11 earthquake and
tsunami on Japan’s northeastern Pacific coast is estimated at up to Y25
trillion, the largest-ever from a disaster in the country’s post-war
history.