1. Home
  2. Update
Author: Ayai Tomisawa Rie Morita

Earthquake response to be focus of social bond planned by Tokyo

Source(s): Bloomberg LP
Upload your content

[...]

The Tokyo Metropolitan Government is proposing to issue 30 billion yen ($231 million) of five-year social bonds later this month. About 80% of the proceeds will be used on disaster prevention measures as well as renovating old bridges and buildings that are at risk of collapse in a major quake, according to Kazumichi Saga, director of the bond section at the city’s finance bureau.

[...]

The social bond will be the third by Tokyo. Its previous note in February earmarked 42.7% of proceeds to disaster prevention steps. The city’s debut social note sold last June focused primarily on helping small-to-mid-sized businesses hurt by the pandemic.

[...]

Tokyo is aiming to sell about 60 billion yen of social bonds in the fiscal year started April 1.

Read the original story here

Editors' recommendations

Explore further

Hazards Earthquake
Themes Economics of DRR Urban risk and planning
Country and region Japan
Share this

Please note: Content is displayed as last posted by a PreventionWeb community member or editor. The views expressed therein are not necessarily those of UNDRR, PreventionWeb, or its sponsors. See our terms of use

Is this page useful?

Yes No
Report an issue on this page

Thank you. If you have 2 minutes, we would benefit from additional feedback (link opens in a new window).