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Hitachi, Toshiba and Mitsubishi General Electric, Westinghouse, Areva will make Japan keep nuclear power

Is it safe? Ruling party pushes nuclear village agenda BY JEFF KINGSTON  JAPAN TIMES, 26 May 13,  “…..The election of the pro-nuclear Liberal Democratic Party to power in December 2012 was not about energy policy, but has revived prospects for the nuclear village; citizens may favor phasing out nuclear energy, but they will not get to decide. Hitachi, Toshiba and Mitsubishi tie-ups with General Electric, Westinghouse and Areva mean that Japan stands at the nexus of the global nuclear-energy industry. The recent award of a $22 billion contract by Turkey to a Japanese-led consortium indicates how high the stakes are, explaining why domestic firms’ nuclear-policy preferences are fully reflected in government policy.

If Japan terminated nuclear power, the pain would extend beyond the utilities and vendors; lenders and investors, including Japan’s major banks and insurance firms, would also face huge losses. Pulling the plug on nuclear power could also drive some of Japan’s 10 utilities into insolvency. In addition, there have been strident voices from the political right calling for the retention of nuclear energy because it leaves available the nuclear-weapons option. Washington, too, has warned Tokyo that phasing out nuclear energy would harm bilateral relations because it would raise concerns about Japan’s large stockpiles of plutonium and uncomfortable questions about the consistency of U.S. nuclear non-proliferation efforts targeting Iran and North Korea…….http://www.japantimes.co.jp/opinion/2013/05/26/commentary/is-it-safe-ruling-party-pushes-nuclear-village-agenda/#.UaPpE9JwpLs

May 27, 2013 - Posted by Christina MacPherson | business and costs, Japan, politics, Reference, secrets,lies and civil liberties