Japan Needs ‘At Least’ $125 Billion Quake Plan, Maehara Says
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Japan’s next reconstruction package should be “at least” 10 trillion yen ($125 billion) and the nation’s central bank ought to step up stimulus, a potential candidate to succeed Prime Minister Naoto Kan said.
The next spending package will be on “a considerably big scale” because Japan needs to end deflation as well as rebuild from the record March earthquake and tsunami, Seiji Maehara, 49, said in an interview yesterday in Tokyo. Maehara, a former head of the ruling Democratic Party of Japan, declined to rule himself out of a contest to replace Kan, who has pledged to resign once the post-disaster crisis is contained.