Abe’s Japan Is Blind to Scary Nuclear Reality – Bloomberg 08-12-13

Salient to Investors:

William Pesek writes:

History will judge Abe by what he did, or did not do, to end the worst nuclear crisis since Chernobyl. It’s mind-boggling how disengaged Japan’s leaders have been since the near-meltdown at the Fukushima Dai-Ichi nuclear plant, just 135 miles from Tokyo. Nuclear regulators remain more focused on restarting reactors than on neutralizing the one that’s polluting North Asia.

Fukushima was a preventable, man-made disaster stemming from the worst conformist tendencies of Japan Inc. Tepco got away with its negligence for years because of the cozy ties between power companies and the regulators, bureaucrats and researchers that champion the industry. The government is Tepco.

In May, Abe visited Turkey to help close a $22 billion deal for Japan to build nuclear power plants in that seismically active nation – the kind of cash makes power companies virtually untouchable.

Read the full article at  http://www.bloomberg.com/news/2013-08-12/abe-s-japan-is-blind-to-scary-nuclear-reality.html

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