NRI to Provide Full Support for Development of Earthquake Disaster Restoration Plan of Miyagi Prefecture

Nomura Research Institute, Ltd. today announced that it has agreed with the Miyagi Prefectural Government to provide full support for the development of an earthquake disaster restoration plan for the prefecture.

Miyagi Prefecture, which has suffered enormous damage from the Great East Japan Earthquake, is now proceeding with the consideration of an "Earthquake Disaster Restoration Plan (provisional name)" that shows the roadmap to realize major efforts and projects toward restoration in the coming 10 years.

NRI has maintained a close relationship with Miyagi Prefecture through its service as a policy adviser to the Miyagi Prefectural Governor and via various research projects related to the prefecture and the Tohoku Region. Building on these experiences, NRI has decided to provide full support for the development of the "Earthquake Disaster Restoration Plan (provisional name)" as part of its earthquake recovery assistance project. NRI intends to contribute to the restoration of earthquake-afflicted areas in a more concrete manner by participating in the development of the earthquake disaster restoration plan of Miyagi Prefecture.

The restoration of afflicted areas calls for "reconstruction" toward the building of advanced local communities that can respond to a host of challenges going forward, far beyond simple "rehabilitation" of damaged areas. In close cooperation with the Miyagi Prefectural Government, NRI will strive to develop a people-oriented and future-oriented plan that contributes to the development of Miyagi Prefecture as well as the Tohoku Region and Japan as a whole by fully mobilizing NRI's knowhow of disaster prevention, regional development and industrial development on the basis of actual local conditions.

On March 15, 2011, NRI launched the earthquake recovery assistance project under the direct control of its president, Tadashi Shimamoto. Under this independent project, we have thus far presented various recommendations on the promotion of emergency measures for the earthquake disaster recovery, including "The Basic Policy of Tohoku Region and Industrial Revitalization Plan Formulation" (the Second Recommendation on April 4, 2011), and have also provided restoration-supporting solutions making use of information technology, such as "Report on An Analysis of Vox Pop from Disaster-Stricken Areas."