World Bank: Rebuilding Cost From Japan's Quake Damages to Reach $235 billion

The World Bank said in report Monday that Japan may need five years to rebuild from the catastrophic disasters, which caused up to $235 billion in damage.The report also disclosed that the cost to private insurers will be up to $33 billion and that the government will spend $12 billion on reconstruction in the current national budget and much more later. The report was quoted by the Associated Press.
Meanwhile, Operators evacuated workers from Japan's tsunami-damaged nuclear plant Monday after gray smoke rose from one of its reactor units, the latest of persistent troubles in stabilizing the radiation-leaking complex.
Smoke rising from the spent fuel storage pool of the plant's Unit 3 prompted the evacuation, Tokyo Electric Power Co. spokesman Hiroshi Aizawa said. The smoke raises concerns about the water level in the pool needed to keep the fuel from overheating and releasing even greater amounts of radiation.
آ«We are checking the cause of the smoke,آ» nuclear safety agency official Hidehiko Nishiyama told reporters in Tokyo.