reconstruction, reconstruction budget

Japan’s Reconstruction Bonds Attract Solid Demand, jiji, 1/10/12

Tokyo, Jan. 10 (Jiji Press)–Japan’s Finance Ministry said Tuesday that bonds issued in December to raise funds from individuals for postdisaster reconstruction attracted strong demand, with sales coming to 745.4 billion yen.
The figure is nearly double the 391.3 billion yen raised in the September 2011 issue of Japanese government bonds targeting retail investors.
The bond sale in December was the largest for any retail investor JGB issue since the 995.2-billion-yen figure achieved in July 2008.
Notably, people who had never bought JGBs before moved to small-lot purchases to support areas hit by the March 2011 disaster, according to a ministry official.
Starting in March, the ministry will sell new reconstruction bonds tailored for individuals. Gold and silver coins will be offered to investors who hold onto their bonds for a certain period.

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About liz

from the u.s., recently moved from kobe to sendai, japan, researching community-based housing recovery after disaster.

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