NEI Updates: August 2011

Industry/Regulatory/Political Issues

  • Tokyo Electric Power Co. has set guidelines to pay travel, lodging and other expenses for people displaced after the Fukushima Daiichi accident. The company is offering reimbursement for medical fees for injuries and illnesses caused by the government-ordered evacuation of the area surrounding the facility. TEPCO also will cover lost income—small businesses will be paid for lost business and farmers compensated for lost crops. The company will provide compensation for mental distress caused by the accident on a per-month basis.
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Industry/Regulatory/Political Issues

  • The ruling Democratic Party of Japan has chosen Finance Minister Yoshihiko Noda to be its new party leader. The election paves the way for Noda to replace Naoto Kan as the country’s sixth prime minister in five years. The BBC reports that Noda wants Japan’s nuclear reactors restarted and has not backed Kan’s call for a nuclear-free Japan. The Japanese cabinet is expected to resign in the next few days, after which the parliament will elect the new prime minister. Last week, Kan announced his intention to resign as prime minister.
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Industry/Regulatory/Political Issues

  • Japanese Prime Minister Naoto Kan has resigned as head of the ruling Democratic Party of Japan, amid growing complaints about his performance. He came to office in June 2010. During his term, he had made unpopular moves, including an early pledge for a tax increase and handling a diplomatic issue with China in September. Most recently, Kan has been criticized about his response to the March 11 earthquake, tsunami and nuclear plant accident. His departure paves the way for Japan’s sixth leader in five years.

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Industry/Regulatory/Political Issues

  • The Japan Nuclear Safety Commission has cut its estimate of radioactive substances released by Fukushima Daiichi between March 12 and April 5 by 10 percent. The new estimate is based on recently released data on radiation levels at monitoring posts and the amount of radioactive material in the air.
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Industry/Regulatory/Political Issues

  • Some areas within the 12.5-mile exclusion zone around the Fukushima Daiichi nuclear energy facility are to remain off-limits to evacuated residents for “a long time,” Japan’s government said. Officials had planned to allow residents eventually to return to their homes once the reactors are stabilized, but a government task force said that some areas likely will remain contaminated beyond that period and that exclusion orders will remain in force.
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Activity ID: 1002943 Activity Name: NEI Remarketing Safety Activity Group Name: Remarketing Safety First