Japan to Keep Reconstruction Agency until FY 2030
Tokyo, Nov. 6 (Jiji Press)--The Japanese government will extend the term of service for the Reconstruction Agency, due to expire at the end of fiscal 2020, by 10 years to the end of fiscal 2030, it was learned Wednesday.
The agency was launched in February 2012 to lead reconstruction efforts for areas affected by the March 2011 earthquake and tsunami.
According to a draft basic policy, a special account for funding reconstruction projects will also be kept intact.
The government showed the draft to the Liberal Democratic Party and Komeito, the junior partner of the LDP in the ruling coalition, by Wednesday. It will also be submitted to a meeting for the agency's postdisaster reconstruction promotion committee on Thursday.
The government will finish work on the basic policy within this year and submit related legislation to the next year's ordinary session of parliament.
[Copyright The Jiji Press, Ltd.]