It's not that crazy an idea to be honest, during WW1 France built a second Paris to confuse German bombers, and China is building a number of towns reminiscent of traditional Germany and Austria.
According to World Architecture News, "the new city, code named IRTBBC, or Integrated Resort, Tourism, Business and Backup City, will stand in for the capital in the event of it being hit by a disabling earthquake. A possible location has already been earmarked 300 miles to the west of Tokyo on the 1236 acre site of the largely superseded Itami Airport."
The legislative backers of the proposal want 14 million Yen (approximately AU$175,087) to research as to whether this 'emergency city' will actually work. The city is proposed to house 50,000 residents, 200,000 daytime workers, an emergency seat of government, casinos, and the tallest tower in the world (at approximately 2,139 feet).
Although considering practically every disaster movie is set in either New York or Tokyo, this may be a good investment.
via inhabitat