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So Fukushima + Nuclear Restarts DOES = money.... go figure


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03/16/2013 07:54 PM

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So Fukushima + Nuclear Restarts DOES = money.... go figure
Japan faces higher fuel bill as nuclear shutdown enters 3rd year

By Aaron Sheldrick and Osamu Tsukimori

National Mar. 17, 2013 - 06:48AM JST ( 8 )


The restart of Japan’s nuclear power industry is proving pivotal to the economic vision of the country’s prime minister as soaring fuel bills after the Fukushima disaster threaten to keep the country’s trade in a deeper deficit for longer.

As Japan marks the second anniversary this week of a crisis that scarred the nation, the fuel bills to pay for lost atomic output are leaving their own scars on the economy, partly owing to Abe’s own making.

His mix of economic policies - dubbed Abenomics by the media - has driven the yen down sharply, thus raising the cost of imports that will weigh on the revival of a nation that has traditionally relied on exports to drive growth.

The sooner that pro-nuclear Abe can restart atomic power stations, the sooner he will return the country’s record trade deficit to its long-term standing of a trade surplus and so mark a milestone in the recovery of the economy.
But in Abe’s way is the country’s new, independent atomic watchdog, which has said it will take as long as three years to approve restarts under safety guidelines it is drawing up.

“It’s a problem for Abe because his economic policies depend partly on an export led recovery to really deliver growth and he needs to get the trade balance back to positive,” said Tom O’Sullivan, a Tokyo-based energy consultant.
<end snip>

yup, all about the yen....... don't worry.. all about the yen.....

[link to www.japantoday.com]

in other news... people world-wide are now affected by nuclear contamination, and don't get me started about the health effects/ affects......


Last Edited by CitizenPerth on 03/16/2013 07:57 PM
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