The report gave high ratings to the Japanese government's immediate decision for fiscal spending and the
"The loss of life and property during the Great East Japan Earthquake might have been much greater if the nation' policies and practices had been less effective," he said.
The report also noted the
"Coordination among countries is fundamental in mitigating potential impacts of large-scale disasters," it said.
The report proposed the prior preparation of government bond issuance and tax raising plans to promptly raise funds for post-disaster reconstruction.
It also called for expanding the private insurance market to prepare for disasters.
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