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« Money—How to Get It and Keep It | Main | Why Stocks Could Fall 50% if the Fed Makes the Wrong Move »
Monday
Aug312015

Japan nuclear power outlook bleak despite first reactor restart

The number of Japanese nuclear reactors likely to restart in the next few years has halved, hit by legal challenges and worries about meeting tougher safety standards imposed in the wake of the Fukushima disaster, a Reuters analysis shows.

The country has been inching back to nuclear energy, turning on its first reactor in mid-August after a two-year blackout, with Prime Minister Shinzo Abe and many in industry looking to cut fuel bills despite widespread public opposition to atomic power.

But the analysis shows that of the other 42 operable reactors remaining in the country, just seven are likely to be turned on in the next few years, down from the 14 predicted in a similar survey last year.

The findings are based on reactor inspection data from industry watchdog the Nuclear Regulation Authority, court rulings and interviews with local authorities, utilities and energy experts. They also show that nine reactors are unlikely to ever restart and that the fate of the remaining 26 looks uncertain.

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