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Japan mulls in reconstruction bonds
25 July 2011: The Japanese government plans in reconstruction bonds to rebuild the devastated northeast.
The government invests around $128 billion (approx Rs 582400crore) for the reconstruction. The government is to consider issuing the special bonds, scaling back other spending plans and selling national assets. The finance ministry is in plans on five-year bonds, with the government considering raising taxes to repay them.
Source: Economic Times