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Japan to keep Reconstruction Agency until FY 2030

  • November 6, 2019
  • , Jiji Press , 6:01 p.m.
  • English Press

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.

The draft policy also stipulates that special tax grants for financially supporting disaster-affected municipalities will be maintained.

The projects carried out by the agency will be checked in fiscal 2025 for possible review.

The draft policy is mostly in line with a recommendation the  ruling coalition submitted to the government in August. The coalition said the Reconstruction Agency should remain under the direct control of the prime minister and the oversight of a full-time cabinet minister.

The ruling bloc also called for preserving the agency’s function as a one-stop source to coordinate planning for reconstruction policies and to respond to the needs of affected communities.

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