Of the total cost, the government estimated that 10.8 trillion yen (US$129 billion) would be needed for reconstruction, 2.5 trillion yen (US$30 billion) for disaster relief, and 3.6 trillion yen (US$43 billion) for economic revitalization.
The reconstruction costs were expected to be covered by a combination of government funds, private insurance, and international aid. The Japanese government pledged to provide 9.5 trillion yen (US$113 billion) in reconstruction funding, while private insurance was expected to cover 4 trillion yen (US$48 billion) of the costs. International aid organizations also provided assistance, with the World Bank pledging $5 billion in loans and the Asian Development Bank providing $1 billion in grants.
The disaster also had a significant impact on Japan's economy. The government estimated that the economy would shrink by 1% in 2011, with the slowdown expected to continue in 2012. The disaster disrupted production in many industries, including manufacturing, construction, and tourism. The government also implemented power restrictions in the wake of the disaster, which led to further economic losses.
The 2011 earthquake and tsunami was a major disaster that had a significant impact on Japan's infrastructure, economy, and society. The government's response to the disaster was focused on reconstruction, disaster relief, and economic revitalization.