Japan to spend 20 tril. yen over 5 yrs to boost disaster resilience

Japan plans to invest over 20 trillion yen ($134 billion) in the five years from fiscal 2026 to enhance the country's resilience to natural disasters such as a Nankai Trough megaquake, a new draft plan showed Tuesday.The planned spending by governments and businesses to expedite the improvement of aging infrastructure and prepare for floods and megaquakes marks an increase from around 15 trillion yen for fiscal 2021 to 2025, reflecting rising prices and construction costs. The government plans to approve the plan in June.Critics, meanwhile, say the move is apparently aimed at bolstering sup…READ FULL ARTICLE