After last month’s devastating tsunami and earthquake, Japan is mulling over slashing its foreign aid for this fiscal year by 20 percent to support domestic relief and rehabilitation efforts.
In January, Japan announced some 572.7 billion Japanese yen (USD6.7 billion) in foreign aid in fiscal 2011, which is 7.4 percent lower than the 2010 levels.
>> Japan Cuts Foreign Aid Budget for 2011
An initial supplemental budget of more than $35 billion is needed to help rebuild roads, ports and schools, and create jobs for communities affected by the disasters, Japanese newspaper Asahi reported on Wednesday (April 6), according to Reuters.
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