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Japan: move to end compensation for Fukushima businesses

Ministry, TEPCO seek to end compensation for Fukushima businesses in Feb. 2016 Mainichi, 29 Dec 14 The government and Tokyo Electric Power Co. (TEPCO) have proposed to Fukushima Prefecture’s commerce and industry federation a plan to end nuclear disaster compensation for businesses in February 2016, it has been learned.

The Ministry of Economy, Trade and Industry and TEPCO presented the plan to the Fukushima Federation of Societies of Commerce and Industry on Dec. 25. The ministry and the utility told the federation that they plan to end compensation payments to all businesses, except for those in the agricultural, forestry and fisheries sectors, in February 2016. Ministry and utility officials explained that they would map out future policies after hearing claims from business owners.

The federation’s secretary-general, Hideki Endo, however, criticized the proposal.

“Fukushima business owners face different situations depending on their evacuation statuses and their business categories,” he said. “While we understand the need to draw the line somewhere, we cannot accept the end of compensation payments within a year and a few months from now when the nuclear disaster has still not been brought to a conclusion and there are no prospects that harmful rumors will end in the foreseeable future.”…….http://mainichi.jp/english/english/newsselect/news/20141227p2a00m0na007000c.html

December 29, 2014 - Posted by | business and costs, Japan, politics

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