GPS News  
CIVIL NUCLEAR
Kan to address international concerns on nuclear crisis

by Staff Writers
Tokyo (AFP) May 23, 2011
Japanese Prime Minister Naoto Kan will look to reassure his G8 counterparts at the grouping's summit this week that Japan is winning the battle to stabilise the world's worst nuclear crisis for 25 years.

Kan will outline the emergency at the Fukushima Daiichi plant, what is being done to remedy the crisis triggered by the March 11 earthquake and tsunami that left nearly 25,000 dead or missing and speak on efforts to improve safety.

At home, pressure remains on the under-fire premier amid criticism over the government's handling of the disasters and the subsequent nuclear emergency that plunged Japan into its worst crisis since World War II.

Progress in stabilising the plant has been slow, and while plant operator Tokyo Electric Power has said it is on schedule to end the crisis by January, the facility was damaged more severely and quickly than first thought.

Kan has called for reform of the nuclear industry and an overhaul of government regulation as Japan looks to restore international confidence in its giant atomic power sector.

With a track record of safety cover-ups, TEPCO has been criticised for inadequately preparing for disaster, amid perceived soft regulation by a government body also tasked with promoting nuclear power.

"Perhaps this myth of safety was too powerful," noted Kan's economy and trade minister Banri Kaieda in comments to reporters last week.

Kan has also pledged to reconsider plans to boost Japan's reliance on nuclear energy, although the resource-poor nation has few other options in the face of soaring fossil fuel costs or expensive renewable energy, say analysts.

"It remains to be seen how serious Prime Minister Kan was about his comments regarding Japan's national energy policy," noted Paul Scalise of the Institute of Contemporary Asian Studies, at Temple University, Japan Campus.

"With the turnover of Japanese prime ministers so high, there is little fear that politicians will be held personally accountable for their promises to their electorate." Kan is Japan's fifth new prime minister in five years.

Tens of thousands of people remain evacuated from homes, farms and businesses in a 20-kilometre (12-mile) zone around the plant and in areas beyond it. Kaieda last week called them "victims of national policy".

The compensation bill is estimated to run as high as 10 trillion yen ($122 billion) and the government has devised a plan to protect TEPCO from bankruptcy and ensure compensation payments are met.

Japan has passed an emergency 4 trillion yen ($49 billion) relief budget to help fund reconstruction after the disaster and plans a second extra budget later to be financed by a government bond issue.

But the prospect of more deficit-spending has placed higher international scrutiny on Japan's public debt mountain that at around 200 percent of GDP, is the highest level among industrialised nations.

International sympathy for Japan's plight was reflected in the first concerted market intervention in a decade by central banks of the Group of Seven economic powers after the yen surged to a post-War high against the dollar after the quake.

Kan is also expected to address recent unrest in the Middle East and North Africa when he meets with his G8 counterparts at the top-level summit in Deauville, northwestern France, on May 26 and 27.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


CIVIL NUCLEAR
TEPCO shares down 9.26 percent after record loss
Tokyo (AFP) May 23, 2011
Shares in beleaguered utility Tokyo Electric Power fell 9.26 percent by noon Monday in Tokyo trade after the company posted the biggest ever loss for a Japanese non-financial firm. TEPCO said it had lost a record $15 billion in the financial year ended March and its under-fire president resigned to take responsibility for the worst nuclear crisis since the Chernobyl disaster 25 years ago. ... read more







CIVIL NUCLEAR
New method of unreeling cocoons could extend silk industry beyond Asia

Agony for Japan livestock farmers in nuclear crisis

Post-Mubarak Egypt 'running out of food'

Exploding melons sow new China food fears

CIVIL NUCLEAR
Graphene optical modulators could lead to ultrafast communications

Pentagonal tiles pave the way towards organic electronics

NRL Scientists Achieve High Temperature Milestone in Silicon Spintronics

Intel chip breakthrough a boon for mobile gadgets

CIVIL NUCLEAR
China Has Opportunity to Lead a Transformation in Air-Traffic Management

Solar plane makes 13-hour flight

Swiss solar aircraft makes first international flight

China Southern Airlines unit buys six Boeing 787s

CIVIL NUCLEAR
When fueling up means plugging in

Japan carmakers to work over weekend: industry body

Japanese electric car 'goes 300km' on single charge

Perfect welds for car bodies

CIVIL NUCLEAR
Global Fund halts payments to China amid mismanagement

Torn ancient China painting to be joined in Taiwan

EU commissioner presses China on trade issues

China sovereign fund eyes Russia investment: report

CIVIL NUCLEAR
Green groups, analysts slam Indonesia logging ban

Indonesia signs long-awaited forestry moratorium

Brazil creates office to fight deforestation

Will global climate change enhance boreal forest growth

CIVIL NUCLEAR
NASA ocean-watch satellite ready for June launch

TerraSAR-X images Urban sprawl around Istanbul

Mapping the impact of a deadly mosquito

Satellite data helps track environmental influences on giant kelp

CIVIL NUCLEAR
New form of girl's best friend is lighter than ever

2 graphene layers may be better than 1

Diamonds shine in quantum networks

Climate Change From Black Carbon Depends On Altitude


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement