Will the government takeover of Tepco prove a turning point for Japan’s monopolies?

Japan's energy minister, Yukio Edano, has beaten massive resistance at Tepco (photo:dpa)
Japan's energy minister, Yukio Edano, has beaten massive resistance at Tepco (photo:dpa)

After the Fukushima disaster, the owners of the plant, Tepco, believed it could carry on as normal, enjoying the privileges of regional monopoly in Japan’s nuclear power industry. But when the scale of its culpability became known and the size of costs was realised, the company had no other option than to accept a government bailout, and subsequent nationalisation.

DURING the first weeks after Japan's Fukushima Daiichi accident in March 2011, Tepco, the operator of the nuclear plant, tried to return to ‘business as usual’. The company submitted, in the same month as the disaster, its official proposal to build two additional reactors on the Fukushima Daiichi site.

But fo...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment