Japan New Year earthquake: Tokyo says cost of damage could reach $17 billion
File photo.
The Japanese government said on Friday (Jan 26) that the cost of damage due to an earthquake in central Japan on New Year (Jan 1) could reach $17.6 billion. The earthquake, which was of 7.5 magnitude, killed at least 236 people. The quake and its aftershocks devastated parts of Ishikawa prefecture toppling buildings, ripping up roads, and sparking a major fire.
Citing a government estimate, the news agency AFP reported on Friday the damage in Ishikawa and two neighbouring regions is likely to cost between 1.1 trillion yen ($7.4 billion) and 2.6 trillion yen ($17.6 billion). A cabinetofficial confirmed the figures that were calculated using data from past major earthquakes.
Reconstruction plans for Ishikawa revealed
On Thursday, authorities revealed detailed reconstruction plans for Ishikawa. Ongoing snowfall and badly damaged roads have complicated relief efforts in the quake's aftermath.
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
Delhi Consumer Court fines Indian Railways Rs 25,000 for making RAC passengers share one blanket
)
Who is Ruchika Singh, booked for using foul language against PM Modi at Jantar Mantar protests?
)
60,000 migrants from Morocco flood Spain's Ceuta, EU calls influx unacceptable, Trump warns US
)
'I was almost trafficked in Paris,' says Australian woman, shares terrifying ordeal - 'I am on the black market'
)
More than 100 Israeli soldiers walk out of base, chant slogans in an 'act of rebellion' | Watch
)
WWE SummerSlam 2026 Match Card: Night 1 & Night 2 schedule, main events & full lineup
)
India avoids higher US tariff, secures lower 10% rate. Here's how
)
Pakistan avalanche: Nepali mountaineer Nirmal Purja confirmed dead
&im=FitAndFill=(700,400))
Meet the next gen of South Cinema: From Rajinikanth's grandson to CM Vijay's son, star kids ready for debut
&im=FitAndFill=(700,400))
'Fifth-generation fighters': Can the S-400 shoot down an F-35?
)
Indian govt clarifies foodgrain use for ethanol production, says 'E20 saved ₹30/litre on petrol prices' during global oil shock
)
NEET Protests riddled with misinformation? Delhi Police blocks 480 Pakistan-based handles spreading 'fake news' since Operation Sindoor
&im=FitAndFill=(700,400))
Meet top 5 openers with fastest ODI centuries, check who tops list
)
Russian e-retailer Ozon comes under Ukrainian drone attack amid Russia-Ukraine war
&im=FitAndFill=(700,400))
Why are iPhones so expensive compared to Android phones?
)
Mysterious structures uncovered beneath the Amazon show millions of humans once lived here
)
Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
&im=FitAndFill=(700,400))
Meet top 5 batters in latest ICC ODI rankings 2026 - check who sits at the top
)
Jared Leto controversy: Dylan Sprouse's old tweet resurfaces amid sexual assault allegations
)
Salman Khan enters Alliance to support brother, Sohail, netizens hail, 'tomorrow’s episode is going to be MASSIVE'
)
‘Satanic’ chainsaw-wielding rescue bot leaves internet divided: ‘Those eyes are horrifying’
)
Massive explosion at Moscow restaurant kills at least 3; woman suspected of carrying bomb
)
"Am I Worthy?" Ranbir Kapoor addresses backlash over playing Lord Ram in Ramayana: Part 1
)
Are you an Indian on an H-1B visa? New US bill could make getting Green Card easier
)
US offers $15mn reward to dismantle alleged IRGC drone funding network
)
Ariana Grande's Petal video fuels debate as fans voice concern over her appearance
)
Have 7,000 Karnataka students tested positive for HIV? Here's the truth
)
Kim Kardashian shares sweet moment with boyfriend Lewis Hamilton during summer vacation
)
Buying Russian oil could cost India dearly? MEA breaks silence on US 100% tariff bill
)
'Delimitation designed to disenfranchise Tamil Nadu': Rahul Gandhi urges parties to oppose Bill
)
Hrithik Roshan reacts to 'sorry Hrithik' trend, Kangana Ranaut slams him, mentions Saba Azad: 'You are in a committed relationship'
)
Nearly Rs 29 crore cash, 15 kg gold found at ex-bus driver's house in West Bengal
)
At least 3 killed in mass shooting at Idaho restaurant, shocking video of gunman open firing with AR-style rifle surfaces
)
German anatomist 'Dr Death's' family to grant his creepy last wish
AFP reported that some of the reconstruction plans include improvements to shelters for evacuees along with subsidies for rebuilding factories and ports, as well as attracting tourists to the area.
Earthquake to have lasting impact on economy
A government report on Thursday said that the earthquake was likely to have a lasting impact on the country's economy and requires full attention. "Full attention should be given to the economic impact," the government said in its monthly economic report for Jan.
The report added that while Ishikawa accounted for only 0.8 per cent of Japan's gross domestic product (GDP), some of the local plants, like the makers of production machinery and power semiconductors have been unable to resume production after the disaster.
Also watch |Japan Earthquake: Thousands left without power, houses reduced to rubble
The government also downgraded its evaluation of Japanese exports for the first time in a year, citing shrinking demand from European markets.
The report comes a day after Prime Minister Fumio Kishida pledged an additional $1.02 billion in spending from the state budget reserves for a relief package for the quake-hit areas.
(With inputs from agencies)