A countdown is starting in Japan for restarting some of the 48 nuclear reactors that were idled after the 2011 Fukushima meltdowns caused the worst atomic accident since Chernobyl.
The nation's Nuclear Regulation Authority will receive applications for switching on plants starting July 8, and more than five utilities plan to seek permits. Tokyo Electric Power Co., operator of the wrecked Dai-Ichi plant that spread radiation in the Fukushima area, said yesterday it will seek permission to start its Kashiwazaki-Kariwa nuclear plant as soon as possible. Its shares jumped 19 percent yesterday.
Meeting new safety rules to restart is urgent for utilities bleeding cash from importing extra oil and gas for backup generation. Japan paid 24.7 trillion yen ($241 billion) for fossil fuels in the year ended in March, up 36 percent from the 12 months before the disaster. Imports this year are even more expensive with the yen's 14 percent drop against the dollar.
"The decision to seek this safety review is an important one," Tokyo Electric President Naomi Hirose told reporters at a briefing in Tokyo yesterday. "In our existing turnaround plan, restarts were scheduled from this past April. It's almost impossible to become profitable again when conditions are different from the ones anticipated in the plan."
Japan's nine utilities with atomic plants reported combined losses of 1.59 trillion yen ($16 billion) in the year ended March 31. Only Hokuriku Electric Power Co. posted a profit, ending the year 100 million yen ahead, and only two reactors are currently running, both belonging to Kansai Electric Power Co.
On Sunday, July 5 2015, the United States and Japan will battle for the championship in the World Cup Final soccer match. Contest time: 6 p.m. central/7 p.m. eastern. Read any preview for the Women's World Cup final between the United States and Japan, and you will see words like revenge, retribution, or payback. (sounderatheart.com)
Japan on Saturday pledged $6.1 billion in financial aid to the "Mekong Five" countries as it pushes infrastructure exports and courts influence in a region where rival China has an increasing presence. (arabnews.com)
rown Prince Naruhito and Crown Princess Masako, who are visiting Tonga, attended the coronation of King Tupou VI of Tonga held at a church in its capital, Nukualofa, on Saturday. This is the first time in two years that Crown Princess Masako has engaged in official duties overseas. (The Japan News)
The UNESCO World Heritage Committee is expected to put off to Sunday its decision on whether to add sites related to Japan's Meiji era industrial revolution to the World Heritage list, government sources said Saturday. (The Japan News)
A drug control division of the health ministry on Saturday announced the arrest of a former executive of public broadcaster NHK for the importation of so-called "dangerous drugs," reports the Sankei Shimbun (July 4). (Tokyo Reporter)
The 71-year-old man who set himself on fire on a Tokaido Shinkansen train on Tuesday told his sister he might kill himself during a phone conversation about 10 days before the incident, The Yomiuri Shimbun was told by the sister. (The Japan News)
Police in Kanagawa Prefecture have arrested a 23-year-old man on suspicion of stealing a bag belonging to the director-general of the Civil Aviation Bureau, while he was on a train last month. The bag contained a tablet computer which contained confidential information as well as a contact list for emergencies. (Japan Today)
A 71-year-old man who set himself on fire on a shinkansen bullet train Tuesday had repeatedly complained that the pension he received was not enough to live on, one of his neighbors said Wednesday. (Kyodo)