economy, jiji press, reconstruction

Japan Construction Orders Rise for 2nd Straight Year, jiji, 1/31/12

Postdisaster reconstruction in Japan helped orders received by 50 major Japanese construction companies to rise 4.0 pct in 2011 to 10,657.7 billion yen, up for the second straight year, the infrastructure ministry said Tuesday.
Construction projects for restoration from the March 11 earthquake and tsunami pushed up private-sector domestic orders by 5.5 pct to 7,325.6 billion yen. Of the total, orders worth 1,561.7 billion yen were from manufacturers, up 38.8 pct, and 5,764 billion yen was from nonmanufacturers, down 0.9 pct.
Orders for public works including debris removal increased 3.2 pct to 2,280.6 billion yen, up for the first time in three years. Orders from local entities including municipalities surged 33.0 pct to 1,067.8 billion yen.
Private-sector construction orders are expected to post slower growth ahead as the yen’s continued strength and concerns over power supplies discourage companies to make capital expenditures in Japan.
Public orders are seen to be robust on full-fledged reconstruction work such as paving roads and decontamination of areas affected by the nuclear crisis at Tokyo Electric Power Co.’s Fukushima No. 1 power plant.

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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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