Japan may cut defence spending to meet disaster reconstruction costs
Japan's defence budget for 2011 - already at an 18-year low - could drop even further due to the massive costs associated with rebuilding parts of its northeast Pacific after the 11 March earthquake and tsunami, the Ministry of Defence (MoD) has indicated to Jane's . The Cabinet Office said on 23 March that the cost of rebuilding facilities and infrastructure in the areas hit by the disaster could reach at least JPY25 trillion (USD309 billion) over the next three years[.]
This isn't promising. Japan lives in a dangerous neighborhood. And there are worst things than earthquakes and tsunamis that must be prepared for.
