Japan’s government is considering about ¥230 billion ($2.8 billion) in outlays for aid to Tepco and radiation monitoring in its planned extra budget, according to a draft outline prepared by the Finance Ministry.
Prime Minister Naoto Kan’s government has yet to release details of the ¥2 trillion supplementary budget, which will need parliamentary approval. Officials will apply ¥1.8 trillion in tax revenue left from the last financial year to help fund the package.
The spending would be aimed at a nuclear crisis that remains unresolved more than three months after Japan’s record earthquake and ensuing tsunami crippled Tokyo Electric’s Fukushima Daiichi reactor north of Tokyo.