ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Nearly 20% of Japan's quake recovery funds still sit idle

Six years on, communities struggle to start projects worth nearly $5bn

The tsunami cleanup effort gets underway in Natori, Miyagi Prefecture, in May 2011. (Photo by Akiyoshi Inoue)

TOKYO -- Almost $5 billion in funds earmarked for rebuilding Japan's disaster-stricken northeast remain unused, with projects entangled in local debates and nuts-and-bolts complications, a Nikkei study has found.

The Nikkei compiled government survey data and determined that -- six years after an earthquake and tsunami ripped through the region -- reconstruction projects worth 534.6 billion yen ($4.85 billion) have not started, in the absence of contracts for them. That equates to 19% of all allocations for rebuilding in three prefectures: Iwate, Miyagi and Fukushima.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more