On Friday, it was reported that the government planned to issue more than 10 trillion yen in emergency bonds to pay for the reconstruction and that the central bank would fully underwrite the issue. But Yosano and other government officials denied the report, saying no such plan was in place.The Nikkei said the government was also discussing creating a recovery fund that would provide medium- to long-term lending for firms directly hit by the disaster. However, setting up such a fund would require several changes to the law. (Reuters)
