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Edition: U.S. Article Comments (0) Full Focus Photos of the week Our top photos from the past week. Full Article Follow Reuters Facebook Twitter RSS YouTube Read As hours tick by, "Judgment Day" looks a dud | 21 May 2011 Broadcaster silent as "Judgment Day" hours tick by | 21 May 2011 Iceland volcano erupts, officials eye flight risks 12:49am EDT Predictor of May 21 doomsday to watch it on TV | 19 May 2011 Israeli rebuke of Obama exposes divide on Mideast | 20 May 2011 Discussed 322 Obama and Netanyahu face tense meeting on Mideast 88 Broadcaster silent as Judgment Day hours tick by 82 Israel-Palestinian violence erupts on three borders Watched End of the world as we know it...on May 21 Wed, May 18 2011 Planking craze kills Australian Mon, May 16 2011 Arnold Schwarzenegger's mystery woman identified Thu, May 19 2011 Japan quake reconstruction may cost up to $184 billion: Yosano Tweet Share this TOKYO (Reuters) - Japanese Economics Minister Kaoru Yosano said on Sunday the government may need to spend 10 trillion yen to 15 trillion yen ($184 billion) for reconstruction from the devastating earthquake that hit the country's northeast in... Email Print Related News Tepco chief quits after $15 billion loss on nuclear crisis Fri, May 20 2011 BOJ holds fire, unfazed by recession and first quarter Fri, May 20 2011 Quake knocks Japan into recession Thu, May 19 2011 Japan considering small second extra budget: media Tue, May 17 2011 Most Japan voters back PM on nuclear plant closure Mon, May 16 2011 Analysis & Opinion Muni sweeps: Investing in shared infrastructure What ails the UK and western economies Related Topics World » Japan » Natural Disasters » A fisherman (R) repairs his fishing net, which he retrieved from tsunami debris at a damaged fishing port by March 11's magnitude 9.0 earthquake and tsunami, in Otsu town in Kitaibaraki, about 70 km (42 miles) south of the crippled Fukushima Daiichi Nuclear Power Station, April 22, 2011. Credit: Reuters/Kim Kyung-Hoon TOKYO | Sun May 22, 2011 12:55am EDT TOKYO (Reuters) - Japanese Economics Minister Kaoru Yosano said on Sunday the government may need to spend 10 trillion yen to 15 trillion yen ($184 billion) for reconstruction from the devastating earthquake that hit the country's northeast in March. The government may need to issue bonds to meet the costs but should not do so without coming up with ways to pay for redemption, Yosano said, signaling that some form of tax hike would be inevitable. "I understand those who say we need to issue bonds for quake (reconstruction). But we shouldn't borrow recklessly without thinking about how to pay the money back," Yosano told a television programme. "If we were to issue bonds for reconstruction, we need to decide in how many years we would pay the money back and how. That's important in maintaining market trust in Japan's fiscal state," he said. Japan is reeling from the triple disaster of an earthquake, tsunami and prolonged nuclear crisis, with the government struggling to find ways to pay for the biggest reconstruction effort since the aftermath of World War Two. Damage from the quake pushed Japan into recession with the economy shrinking much more than expected in the first quarter and set to contract again in April-June as power shortages and supply chain disruptions hit factory output. The government earlier this month passed through parliament a 4-trillion-yen first extra budget to meet immediate disaster relief costs. It plans to compile a sizable second extra budget for reconstruction, although lawmakers are divided on how to pay for the spending. Japan's public debt, at double the size of its $5 trillion economy, is the biggest among major industrialized economies, limiting room for additional fiscal stimulus. But lawmakers are hesitant of raising tax, particularly the politically sensitive sales tax, for fear of scaring voters away, even as the cost of quake reconstruction adds to the huge social welfare spending for a rapidly aging society. Yosano, regarded as a fiscal hawk, has said that raising tax is crucial for Japan to meet ballooning social welfare costs and fix the country's tattered finances. (Reporting by Leika Kihara; Editing by Sanjeev Miglani) World Japan Natural Disasters Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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