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A traffic light lies tangled with rubble in the devastated city of Kesennuma, northeastern Japan on Wednesday March 23, 2011, after the March 11 earthquake and resulting tsunami that hit the country’s northeast coast. (AP Photo/Kyodo News)

TOKYO (AP) — Japan’s government said the cost of the earthquake and tsunami that devastated the northeast could reach $309 billion, making it the world’s most expensive natural disaster on record.

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