nuclear-news

Year-to-date, the stock is up 396%. In recent days, it’s gone absolutely vertical in the past few days on speculation that the company will at last power up its nuclear reactors again, which have been shut down since the disaster.Bloomberg’s Tsuyoshi Inajima has the details:

Tepco shares yesterday rose 16 per cent to 726 yen after the Yomiuri newspaper reported the utility will apply to the Nuclear Regulation Authority for a restart of No. 1 and No. 7 units at the Kashiwazaki Kariwa plant in northern Japan in July.

Tepco denied the Yomiuri report and said the utility is still designing a filtered vent system, part of the new safety requirements to be set by the nuclear safety watchdog. The company can’t say when it can complete the installation.

Of course, the announcement and beginning of the implementation of the Japanese government’s “Abenomics” economic stimulus strategy has caused the broader Japanese stock market to surge this year, making it one of the best performing global stock markets so far in 2013. (The surge in stocks is also a byproduct of the weakening Japanese yen, which has been the primary conduit of Abenomics so far.)……. http://au.businessinsider.com/abenomics-sends-tepco-shares-surging-2013-5