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information about Fukushima published in English in Japanese media info publiée en anglais dans la presse japonaise

More funds to speed up recovery

 February 17, 2015

Cabinet approves revisions to Fukushima funds

Feb. 17, 2015 - Updated 06:31 UTC+1

http://www3.nhk.or.jp/nhkworld/english/news/nuclear.html

 

 

Japan's Cabinet has approved the wider use of funds to speed up recovery of areas in Fukushima Prefecture that were affected by the 2011 nuclear disaster.

The government approved a bill on Tuesday to amend special legislation on funds for reconstruction projects and economic support in Fukushima.

The bill gives tax exemptions on up to about 420,000 dollars in income from the sale of property in areas that will house administrative offices and homes. This is to promote land sales in such key regions.

The bill also allows for spending to build roads and sewer systems in areas that are designated as evacuation zones, in preparation for the return of residents.

Tax benefits will be extended to business owners who return home and resume commercial enterprises. They will be able to write off funds accumulated for capital spending as losses.

Reconstruction Minister Wataru Takeshita said in order to accelerate recovery this revision needs to be enacted before the current fiscal year ends in March.

 

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