BUSINESS

The right way to finance disaster recovery

Asia focus, Published on 11/11/2019

» In mid-October, as Japan was being battered by Typhoon Hagibis -- the most powerful typhoon to hit the country in six decades -- it was also shaken by a magnitude 5.7 earthquake. As climate change progresses, Japan, like the rest of the world, will face increasingly frequent and severe natural disasters, necessitating costly recovery efforts. Tax increases are not the way to pay for them.