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.
Japan's 140-member supergroup AKB48 is holding its second annual draft next month, in which sub-teams will choose new members from a draft of 48 young hopefuls. And among the finalists is one of the youngest potential members the group has ever seen. (Japan Today)
If you're tired of receiving vacant smiles and flippant customer service at your local grocery store, you may want to make a trip to Japan, where the customer always comes first and every transaction is concluded with a graceful bow. (rocketnews24.com)
Robots and dinosaurs mingled with cosplayers as Japan's largest video-sharing website Niconico on Saturday opened its two-day meet-up gala which is expected to attract more than 100,000 fans for the offline get together. (Japan Today)
Survivors and bereaved families of victims on Saturday marked the 10th anniversary of a fatal train derailment in western Japan that took the lives of 107 people, hoping such an accident never happens again. (Kyodo)
Fukuoka Prefectural Police on Friday took the acting chairman of the Kudo-kai organized crime group into custody for a shooting death that took place seven years ago, reports the Sankei Shimbun (April 24). (Tokyo Reporter)
Two men, a male teenager and a female teenager are under arrest on suspicion of abducting an 18-year-old teen from Funabashi, Chiba Prefecture, and holding her captive, police said Friday. (Japan Times)