Tokyo to allocate up to $20,000 for those taking out mortgage to build houses in earthquake zone

The Japanese government has decided to provide subsidies of up to 3 million yen (about $20,000) to earthquake- and tsunami-affected residents of Ishikawa Prefecture who decide to take out a mortgage to rebuild their destroyed homes. A special fund will be created for this purpose, the Minister of Health, Labor and Welfare Keizo Takemi said at a press conference in Tokyo, Report informs via TASS.

Previously, the Japanese government had already announced the provision of one-time benefits to victims in the amount of up to 6 million yen (about $40,000. They will be sent to residents of the six most affected cities and towns, primarily to families with elderly people and people with physical problems.