Japan Likely to Maintain Disaster Reconstruction Agency

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Tokyo, July 23 (Jiji Press)--The Japanese government plans to keep the Reconstruction Agency in existence for the time being after its term of service expires at the end of fiscal 2020, informed sources said Tuesday.

The agency was launched in February 2012 to lead reconstruction efforts for areas affected by the March 2011 massive earthquake, tsunami and nuclear disaster.

The government finds it necessary that the agency will continue to support disaster-affected areas, including Fukushima Prefecture, home to the tsunami-crippled Fukushima No. 1 nuclear power station of Tokyo Electric Power Company Holdings Inc. <9501>, according to the sources.

The ruling parties plan to draw up new recommendations as early as August to accelerate postdisaster reconstruction, including proposals on the agency's mission and structure.

Following the forthcoming recommendations, the government will consider specifics on the agency's future beyond the end of its current term and submit a related bill to the next ordinary session of parliament next year, the sources said.

[Copyright The Jiji Press, Ltd.]

Jiji Press