Takaichi Vows Aid Package for Quake-Hit Kumamoto
Tokyo, Aug. 18 (Jiji Press)--Japanese Prime Minister Sanae Takaichi vowed Tuesday to swiftly compile an aid package for Kumamoto Prefecture, which was hit hard by last month's powerful earthquake. Takaichi informed Takashi Kimura, governor of the prefecture in the Kyushu southwestern Japan region, of the aid package plan in their meeting at the prime minister's office in Tokyo, in which the...
Tokyo, August 18 - Prime Minister Sanae Takaichi pledged on Tuesday to rapidly develop an aid package for Kumamoto Prefecture, severely impacted by the devastating earthquake that struck last month. Takaichi briefed Takashi Kimura, governor of the southwestern Kyushu region's Kumamoto Prefecture, regarding the aid package plan during their meeting at the prime minister's office in Tokyo.
Kimura submitted a written request to Takaichi for special fiscal aid to assist in reconstructing and revitalizing the areas affected by the powerful 7.1-magnitude earthquake. The prime minister stated that Uki city, as well as Kashima and Hikawa towns, are likely to be designated as severely damaged municipalities, joining Mifune town and Yatsushiro city.
Under a related law, small businesses within the designated municipalities will benefit from heightened loan guarantees. The written request highlighted that many municipal governments in the prefecture require immediate commencement of repayments on bonds issued to fund reconstruction projects following the catastrophic April 2016 earthquakes, which also measured up to 7 on Japan's seismic intensity scale.
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