Potential costs for the Tsunami & earthquake:

 

 

Potential costs for the Tsunami & earthquake:

Damage     : $122bn-$235bn

Cost to private insurance : $14bn-$33bn

Budget for reconstruction : $12bn from current budget and much more from next year's

** Source: World Bank report citing Japan government figures

Recovery to take 5 years:

It also estimates that 0.5 percentage points will be shaved from the country's economic growth this year.

The 11 March earthquake and tsunami, destroyed production networks in the electronic industries.

"Damage to housing and infrastructure has been unprecedented, and growth should pick up through subsequent quarters as reconstruction efforts, which could last five years, accelerate" the World Bank said.

"The damage to be between $123bn and $235bn" estimates the bank                      

This is the equivalent of between 2.5% and 4% of the country's economic output in 2010.