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70% of diverted $9.37 bil. Japan quake recovery budget won't be returned


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70% of diverted $9.37 bil. Japan quake recovery budget won t be returned
The Mainichi
© The Mainichi
Japan Display Inc. s factory in the city of Mobara, Chiba Prefecture, is seen in this Feb. 1, 2021 photo. (Mainichi/Shunsuke Sekiya)
TOKYO Japan s Reconstruction Agency has found that at least 70% of the 1-trillion-yen (around $9.37 billion) plus 2011 Great East Japan Earthquake recovery budget that was diverted for uses only remotely related to disaster-hit areas will not be returned.
It is believed that the budget diversions were based on a single phrase in the government s July 2011 reconstruction policy: Without the recovery of Japan s economy, there will be no true recovery of disaster-hit areas. ....

Mainichi Shimbun , Shunsuke Sekiya , Mainichi Shunsuke Sekiya , Yoshimitsu Shiozaki , Japan Reconstruction Agency , Toshiba Corp , Ministry Of Economy , Hitachi Ltd , Mainichi Japan Display Inc , Reconstruction Ministry , City News Department , Reconstruction Design Council , Kobe University , Sony Corp , Reconstruction Agency , Japan Display Inc , Japan Display , Chiba Prefecture , Mainichi Japan Display , East Japan Earthquake , தோஷிபா கார்ப் , அமைச்சகம் ஆஃப் பொருளாதாரம் , ஹிட்டாச்சி லிமிடெட் , புனரமைப்பு அமைச்சகம் , நகரம் செய்தி துறை , புனரமைப்பு வடிவமைப்பு சபை ,

Financial benefits of Tokyo Games are overestimated, lack credibility: Japan economist


Financial benefits of Tokyo Games are overestimated, lack credibility: Japan economist
February 28, 2021 (Mainichi Japan)
Economist Yoshihiko Senoo is seen in Tokyo s Shibuya Ward on Feb. 4, 2021. (Mainichi/Keigo Kawasaki)
TOKYO Various estimates regarding the economic effects of this summer s Tokyo Olympics and Paralympics have been disclosed by experts, private think tanks, and other parties. The common perception is that there will be more benefit in holding the games than canceling them, though estimates range widely from 3 trillion to as much as 100 trillion yen (about $28.5 billion to $949 billion).
The Mainichi Shimbun sat down with Yoshihiko Senoo, an economist and research adviser for the Land Institute of Japan and former member of the now-defunct Economic Planning Agency, to talk about the reliability of such economic estimates for the Tokyo Games. ....

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