Japan Made To Pay $50 million In War Reparations
Tuesday, 25th October 1966
The Government of Singapore made a request to Japan for reparations and an apology. On 25 October 1966, Japan agreed to pay $50 million in compensation, half of which as a grant and the other half as a loan. Japan did not make an official apology.
War reparations are payments intended to cover damage or injury during a war. Generally, the term war reparations refers to money or goods changing hands, rather than such property transfers as the annexation of land.