Koizumi says Japan must say ‘no’ to nuclear energy
Resona bans lending to those developing, making or possessing nuclear weapons
Nagasaki: Life after Nuclear War – the past and the future
Ground Zero Nagasaki: Living the nuclear past – and future, Asia Times, By SUSAN SOUTHARD JANUARY 18, 2019 “………. Much of Nagasaki and the world have, of course, moved on from that terrible morning when a 5-ton plutonium bomb plunged at a thousand kilometers an hour toward the city of 240,000 people. Forty-three seconds later, it detonated half a kilometer above Nagasaki’s Urakami Valley. A super-brilliant blue-white flash lit the sky, followed by a thunderous explosion equal to the power of 21,000 tons of TNT. The entire city convulsed
Based on my book Nagasaki: Life after Nuclear War, I often give talks in the US about that unforgettable (or now often-too-forgettable) day when, for only the second time in history, human beings deemed it right to assault their own species with apocalyptic power. At these book talks, I’ve learned to be prepared for someone in the audience to say that the Japanese deserved what they got. It’s still hard to hear.
At its “burst point,” the Nagasaki blast reached temperatures higher than at the center of the sun, and the velocity of its shock wave exceeded the speed of sound. Within three seconds, the ground below had reached an estimated 3,000 to 4,000 degrees Celsius. Directly beneath the bomb, infrared heat rays instantly carbonized human and animal flesh and vaporized internal organs. Did the men, women, and children of Nagasaki really deserve that?
As the mushroom cloud rapidly ascended 3km over the city and eclipsed the sun, the bomb’s vertical blast pressure crushed much of the Urakami Valley. Horizontal blast winds tore through the region at two and a half times the speed of a Category 5 hurricane, pulverizing buildings, trees, animals, and thousands of people.
The blazing heat twisted iron, disintegrated vegetation, ignited clothing, and melted human skin. Fires broke out across the city, burning thousands of civilians alive.
And though no one knew it yet, larger doses of radiation than any human had ever received penetrated deeply into the bodies of people and animals.
…………. the United States bombed and incinerated all or parts of 66 Japanese cities, killing, maiming or irradiating more than 668,000 civilians. In Nagasaki alone, by the end of 1945 when a first count was possible, 74,000 men, women and children were dead. Of those, only 150 were military personnel. Seventy-five thousand more civilians were injured or irradiated.
Today, this kind of indiscriminate killing and harm to civilians would be called “terrorism.”
Despite the history most Americans have learned – that the atomic bombings of Hiroshima and Nagasaki were military necessities that ended World War II and saved a million American lives by obviating the need for an invasion of Japan’s home islands – there is no historical evidence that the Nagasaki bombing had any impact on Japan’s decision to surrender.
What we aren’t taught are the political and military complexities of the last few months of the war or how, in the postwar years, the US government crafted this end-of-war narrative to silence public opposition to the atomic bombings and build support for America’s fast-expanding nuclear-weapons program.
What many don’t realize is that this misleading version of history allows us to turn away from what happened in Hiroshima and Nagasaki and continue to support the development and proliferation of nuclear weapons without ever having to think about what those weapons do.
Still, so many decades later, in a world in which the Trump administration is preparing to withdraw from a key Cold War nuclear agreement with Russia and the US nuclear arsenal is being modernized to the tune of up to $1.6 trillion, it’s worth recalling the other side of the story, the kind of suffering the Hiroshima and Nagasaki bombings caused in August 1945 and long after.
Within weeks, people in both cities began experiencing mysterious symptoms: vomiting, fever, dizziness, bleeding gums, and hair loss from what doctors would later understand as radiation-related sickness. Purple spots appeared all over their bodies. Many died in excruciating pain within a week of the first appearance of such symptoms. Fear gripped Nagasaki. From one day to the next, no one knew when his or her time might come.
In those first nine months, pregnant women suffered spontaneous abortions, stillbirths, or the deaths of their newborn infants. Many of the babies who survived would later develop physical and mental disabilities.
Five years after the bombings, thousands more began dying from leukemia and other illnesses caused by high-dose radiation exposure, initiating cycles of higher than normal cancer rates that would last for decades. The bombs had, from the survivors’ perspective, burned their bodies from the inside out. Parents exposed to radiation feared possible genetic defects in their children and hovered over them year after year, terrified that what looked like a simple cold or stomach ache would lead to severe illness or death.
Even today, radiation scientists are still studying second- and third-generation hibakusha (atomic-bomb-affected people) for genetic effects passed down from their parents and grandparents, reminding us how much we still don’t understand about the insidious nature of radiation exposure to the human body…….. http://www.atimes.com/ground-zero-nagasaki-living-the-nuclear-past-and-future/
We must not forget the Hibakusha
Ground Zero Nagasaki: Living the nuclear past – and future, Asia Times, By SUSAN SOUTHARD JANUARY 18, 2019 “…………….Hibakusha stories
It’s essential for us to remember such grim details, not just for the sake of history, but for our future, because nuclear weapons far more powerful and devastating than the Nagasaki bomb are now commonplace.
In a small area of Nagasaki that includes Hypocenter Park, the Nagasaki Atomic Bomb Museum, and Peace Park, dedicated teams of Japanese men and women still work tirelessly to counter the world’s inclination to forget what happened. For the past 35 years, one organization, the Nagasaki Foundation for the Promotion of Peace, has assembled cadres of hibakusha speakers – typically about 40 at any time – willing to tell their stories. They are now aging women and men with unique memories of the day of that bombing and the weeks, months and years that followed.
Sixteen-year-old Taniguchi Sumiteru was delivering mail on his bicycle about a kilometer and a half from the hypocenter when, a split-second after the bomb detonated, its tremendous force and searing heat blew him off his bicycle and slammed him face-down on to the road. His entire back was burned off. By all rights, he should never have survived. Three months later, he finally received medical treatment. Still in constant pain 10 years after the bombing, he became one of Nagasaki’s earliest anti-nuclear activists.
Wada Koichi, an 18-year-old streetcar driver at the time of the bombing, decided to speak out when he held his first grandchild and flashed back to the charred corpse of a baby he’d stepped over as he searched for his missing colleagues.
Do-oh Mineko, then 15, suffered critical injuries to her head and lingered near death for months. Though those injuries eventually healed, radiation exposure had caused all her hair to fall out. For nearly a decade, she hid in her house until her hair finally grew back. As an adult, she kept her identity as a hibakusha secret until, in her late 60s, she found new meaning for her life by telling her story to schoolchildren.
Yoshida Katsuji, only 13, was looking up in the direction of the bomb at the moment it exploded. His entire face was scorched. Years later, as friends and colleagues told their stories publicly, he remained silent, afraid of looks of disgust from audiences due to his disfigurement. He finally began speaking out in his late 60s after deciding that being shy was not a good reason to keep silent when it came to the terrorizing impact of nuclear weapons.
These four and many others dared to cross boundaries in Japanese culture to tell their personal stories of suffering and help others grasp what nuclear war would mean for the world. Unfortunately, most hibakusha – at least those who were old enough to have vivid memories of the bombing and its aftermath – have died or are reaching the end of their lives. They are the only people capable of telling us first-hand about the experience of nuclear war, and each year their numbers diminish. ………….. http://www.atimes.com/ground-zero-nagasaki-living-the-nuclear-past-and-future/
High radiation levels in Fukushima area, but the Japanese government is pushing people back there
Fukushima Residents Return Despite Radiation, Eight years after the nuclear meltdown, wary citizens are moving back to contaminated homesteads—some not by choice, Scientific American, By Jane Braxton Little January 16, 2019
When the Fukushima Daiichi Nuclear Power Plant began spewing radioactive particles after it was clobbered by a tsunami in March 2011Kaori Sakuma fled. She bundled her infant and toddler into a car and left her husband and family in Koriyama, 44 miles west of the ruptured facility. “The truth is, I ran away,” she says. Confronting gas shortages and snarled roads, she transported her children 560 miles away to Hokkaido, about as far as she could get.
Radiation from the fuming plant spread over tile-roofed towns and rice paddies across an area the size of Connecticut. The meltdown 150 miles north of Tokyo drove more than 200,000 people out of the region. Most believed they were fleeing for their lives. Now, almost eight years after the accident, the government has lifted most evacuation orders. Nearly 122,000 people have been allowed to return to communities where weeds have overtaken parking lots. Most are elderly, relieved to be resuming their lives. Prime Minister Shinzo Abe is determined to end all evacuations by 2020, when Japan will host the Olympic Summer Games. The events will include baseball and softball competitions in Fukushima City, a mere 55 miles from the ruined reactors.
Around 35,000 other citizens still wait to return, but they and many others throughout northeastern Japan worry all of this is too soon. Radiation, which is generally linked to cancer, in some places continues to measure at least 5 millisieverts (mSv) a year beyond natural background radiation, five times the added level Japan had recommended for the general public prior to the incident. In certain spots radioactivity is as high as 20 mSv, the maximum exposure recommended by international safety experts for nuclear power workers.
In its haste to address the emergency, two months after the accident the Japanese government raised the allowable exposure from 1 mSv annually, an international benchmark, to 20 mSv. Evacuees now fear Abe’s determination to put the Daiichi accident behind the nation is jeopardizing public health, especially among children, who are more susceptible. Lifting most evacuations has also ended subsidies for evacuees, forcing many to return despite lingering questions.
As more people inside and outside the country absorb the radiation data, Japanese officials are confronting a collapse of public confidence. Before the accident residents in Japan (and the U.S.) were living with background radiation that averaged 3.1 mSv a year,most of it emanating naturally from the ground and space. In Japan and the U.S. many residents experience an additional 3.1 mSv annually, due mostly to medical testing. But the anxiety of Fukushima residents facing even higher levels is palpable. If the government is going to fully restore lives and livelihoods, it needs to regain their trust, says nuclear engineer Tatsujiro Suzuki, a professor at Nagasaki University and former vice chairman of the Japan Atomic Energy Commission. That, he says, should include respecting international safety standards for radiation and lowering the allowable level at least to 5 mSv, although he acknowledges “even 5 mSv is too high for children.”
……….Concern about children is one of the most controversial issues. When officials raised the allowable level of radiation to 20 mSv, including in schools, it was under the guise of giving people a measure of normalcy. But the May 2011decision became a flash point for opponents of the government’s handling of the accident. They were furious children would be subjected to the maximum radiation allowed for nuclear workers, spending day after day in buildings that increased their cancer risk to one in 200 people.
Sakuma was one of those who returned to Koriyama, from her outpost in Hokkaido. She did not want her young children to touch contaminated soil or water along their walk to school, so she carried them both on her small back. “We all want our kids to play in the dirt and pick flowers but I was afraid. We all were,” says Sakuma, now 46. ……https://www.scientificamerican.com/article/fukushima-residents-return-despite-radiation/
Japanese people losing trust in government, as the Fukushima nuclear catastrophe still poses health risks
Fukushima Residents Return Despite Radiation Eight years after the nuclear meltdown, wary citizens are moving back to contaminated homesteads—some not by choice, SCIENTIFIC AMERICAN, BY JANE BRAXTON LITTLE JANUARY 16, 2019
“………. LACK OF PUBLIC TRUST
In the year after the accident Koriyama was one of 12 communities where the ongoing radiation rate measured between 3 and 5 mSv above background, but the town had not been evacuated. Today’s levels have stabilized at 1.5 mSv, but doubts remain. Skeptical of the government’s readings, Shigeru Otake, 49, takes his own. A slim man who wears a Dollar Store rope belt to give him “strength like a samurai,” he says he has measured radiation spikes at 15 mSv in Koriyama, where his family has lived for generations. Sakuma walks her sons, now eight and 10 years old, to school past a government monitoring post that she claims reads six times lower than her own dosimeter does.
Misgivings about government assurances of safety drove Hiroshi Ueki, 48, to move his family to Nagano Prefecture, where he is now growing “the best grapes in the world.” His parents stayed behind in Fukushima Prefecture. Ueki says he will never move back. “The prime minister says the accident is over but I won’t ever feel safe until the Daiichi plant itself is finally shut down. That will take 100 years.”
In spite of these concerns, Japan has continued to showcase repatriation as a barometer of progress toward recovery. By April 2017, the government had lifted all evacuations except for the most contaminated places closest to Daiichi. That decision also ended rent-free housing provided to people who were forced to leave as well as to some 26,600 people like Ueki who vacated voluntarily. Left without the $10,000 monthly subsidy provided by Tokyo Electric Company, some people have been forced to return home despite their safety concerns. They have no other economic options, says Hajime Matsukubo, general manager of the Citizens’ Nuclear Information Center. Some 16,000 people who refuse to return have been financially abandoned, according to the center.
Scientists generally agree on a few basics: The risks of getting leukemia or other cancers are higher for children than adults, and the risks for everyone increase significantly with exposure above 100 mSv annually. Various national agencies have set 20 mSv per year as a maximum for occupational exposure. Public exposure should be no more than 1 mSv per year above background levels, according to the International Commission for Radiological Protection. That raises questions about Japan’s 2011 emergency declaration of 20 mSv per year as the allowable exposure. …….
The public perception is that the Daiichi nuclear accident continues to pose health risks and, significantly, nuclear power is not safe. More than 80 percent of the Japanese public wants to phase it out, according to an October 2018 study by Suzuki, the former Japan Atomic Energy commissioner. He calls the erosion of public trust “the most unfortunate impact of the accident.”
Sakuma, the Koriyama mother, is using the Daiichi accident as a lesson in radical civic involvement. She intends to keep her sons in Koriyama despite radiation concerns. “I want them to grow up here so they can learn what the government does. I want them to tell other people about how it is to live with radiation,” she says. “This accident is not over.” https://www.scientificamerican.com/article/fukushima-residents-return-despite-radiation/
Japan must say NO to nuclear power, says former Prime Minister
Koizumi says Japan must say ‘no’ to nuclear energy, THE ASAHI SHIMBUN, January 17, 2019, When he was prime minister, Junichiro Koizumi championed the use of atomic power to generate electricity.
Then the 2011 earthquake and tsunami disaster struck, triggering a crisis at the Fukushima No. 1 nuclear power plant in Fukushima Prefecture.
Koizumi, in office from 2001 to 2006, and widely regarded as one of Japan’s most popular postwar leaders, started reading up on the nuclear issue, and had a change of heart. Koizumi, 76, published his first book by his own hand titled “Genpatsu Zero Yareba Dekiru” (We can abolish all nuclear plants if we try) in December. It is available from Ohta Publishing Co.
In it, he lambasts consumers for lacking a sense of crisis and simply believing a serious accident like the Fukushima disaster will never happen again in Japan during their lifetime.
In a recent interview with The Asahi Shimbun, Koizumi said it was “a lie” to claim that nuclear power is “safe, low-cost and clean,” although that is precisely what he espoused when he held the reins of power.
Excerpts from the interview follow.
…….. Q: Is it really possible to replace all the nuclear reactors with other sorts of power plants?
A: No reactors were operated for two years after the Fukushima disaster. But no power shortages were reported during the period. That means Japan can do without nuclear plants. It is a fact……. http://www.asahi.com/ajw/articles/AJ201901170010.html
The high costs of scrapping Japan’s nuclear reactors
Japan News 14th Jan 2019 The total cost for scrapping the nation’s nuclear power facilities —
excluding Fukushima No. 1 nuclear power plants and other facilities under construction — is estimated to be about ¥6.72 trillion, according to a tally by The Yomiuri Shimbun.
The assessment only includes dismantlements of nuclear power facilities for which the cost can currently be estimated. Among these estimates, the cost for closing a spent nuclear fuel reprocessing plant now being built by Japan Nuclear Fuel Ltd. (JNFL) in Rokkasho, Aomori Prefecture, accounts for the largest amount at ¥1.6 trillion.
The cost for decommissioning 53 commercial nuclear reactors is estimated to total about ¥3.58 trillion, for an average at ¥57.7 billion per reactor. Of the 53 reactors, 19 reactors are scheduled or are likely to be scrapped.
http://the-japan-news.com/news/article/0005476533
Schoolchildren co-opted to promote propaganda on Fukushima food safety
Students tasked to develop dishes with Fukushima produce to promote prefecture’s recovery, Japan Times, 13 Jan 19
A group of elementary, junior high and high school students in the city of Fukushima are taking part in an initiative to develop original recipes using local agricultural products as part of a broader project to highlight the city’s recovery from the 2011 Great East Japan Earthquake.
The first phase of the campaign, known as the Fukko Project, whereby the students create new dishes, started Dec. 16. It is designed to help the children learn about local agriculture so they will be able to implement their own action plans to assist Fukushima’s recovery……https://www.japantimes.co.jp/news/2019/01/13/national/students-tasked-develop-dishes-fukushima-produce-promote-prefectures-recovery/#.XDudF9IzbGg
Russia’s Rosatom to manage accident plan at the Fukushima NPP
Russia’s Rosatom wins two bids for accident management at Fukushima NPP http://tass.com/world/1039631, January 12, 2019, MOSCOW, Russia’s state nuclear corporation Rosatom has been engaged in the nuclear control plan at Japan’s stricken Fukushima nuclear power plant and has already won two bids in that project, Rosatom CEO Alexei Likhachev said in a televised interview with Rossiya’24 news channel on Saturday.
“We have been engaged by Japan to implement the nuclear accident management plan at the Fukushima NPP. We have won two tenders and are getting ahead,” he said.
In September 2017, Rosatom’s First Deputy CEO Kirill Komarov said that Rosatom offered help to Japanese counterparts in handling the crippled Fukushima NPP.
The nuclear disaster at the Fukushima-1 power plant in March 2011 was triggered by an earthquake-induced tsunami that knocked out vital reactor cooling systems. This resulted in three nuclear meltdowns, hydrogen explosions and a massive release of radioactive waste, which contaminated the surrounding area. Clean-up operations continue at the power plant and adjacent territories. According to the current action plan, full decommissioning of the station may take place only around 2040.
UK’s nuclear energy renaissance derailed, as Japanese companies step back from nuclear investment?
Japan’s nuclear rethink could derail UK energy plans, https://unearthed.greenpeace.org/2019/01/09/japan-uk-nuclear-plans-go-awry/, Doug Parr, 11 Jan 19, Reports in the Japanese press claim Hitachi is set to suspend all work on Wylfa, its nuclear power project in Wales.
Japan’s Prime Minister Abe in UK to beg for more money for Wylfa nuclear project?
Unearthed 9th Jan 2019 Doug Parr: Japan’s prime minister Shinzo Abe is in London this week, and it seems likely in his meeting with Theresa May that the Japanese-backed
nuclear power plant in Wales will come up. The Wylfa project, to be built
by Hitachi and its subsidiary Horizon, is one of a clutch of planned
nuclear power stations which the UK government has heavily prioritised for
security of power supply, and meeting the country’s climate obligations.
Late last year another of the 6 major projects, the proposed Moorside plant
in Cumbria, was effectively abandoned after Toshiba pulled out. And another
has come under fire as questions are raised about security issues flowing
from the Chinese builders.
These developments effectively illustrate that
UK nuclear power policy is heavily dependent on overseas developers.
What is less understood is that there are significant shifts underway in Japan
which strongly suggest Hitachi’s projects may too be at risk. The most
advanced of Horizon’s nuclear plans is a large power station to be built
at Wylfa on Anglesey, North Wales. In fact, with the collapse of Moorside,
the Wylfa plant is the only nuclear project that could realistically be
built before 2030, in addition to the plant already under construction at
Hinkley Point in Somerset.
Japan, however, is reconsidering its nuclear
export strategy. Because it keeps going wrong. Until recently it had 3
companies interested in building nuclear power stations abroad: Toshiba,
Mitsubishi and Hitachi. These companies have experience building nuclear
stations at home but since the Fukushima disaster in 2011, they have had to
look elsewhere.
Seeking to help these giants of Japanese industry to
maintain their businesses, Prime Minister Abe reportedly wanted to turn
Japan into a “nuclear export superpower”. Hitachi, however, are
reportedly be thinking of scrapping the project as its costs and risks
become unmanageable. Hitachi could be looking at Toshiba’s
near-bankruptcy and thinking ‘let’s not go there’. According to their
chairman the project was in “an extremely severe situation” as it
struggled to attract investors, even though UK government may have promised
as much as two thirds of the build cost.
Despite this already generouslargesse (on behalf of UK taxpayers, not offered to any other energy projects) Hitachi are intending to come back to UK government and ask for
more. It looks like no assessment of the risks by a private funder come
back looking good, and the only way nuclear plants can be built is with
government stepping into very risky projects that require taxpayers to
shoulder the risk.
The aversion from private investors may not only be
because of the rising costs, but also that the operating performance of the
proposed reactor is pretty poor (albeit partly due to earthquakes).
Notably Hitachi continues to be happy to spend many billions of pounds on power
grid investments, but not its own nuclear reactor, which it wants UK
taxpayers to fund. Major Japanese newspapers have opposed their own
taxpayers lending support to the Wylfa project, even though a home-grown
company would be getting the benefits.
And during the Xmas break, Japan’s
third largest newspaper called for the nuclear export strategy to be
abandoned. Another paper attacks the ‘bottomless swamp’ of nuclear
funding in UK and remarks upon how few countries seem to be following the
UK-style nuclear-focused policy. Reportedly Japanese government has asked
its development banks to fund the ‘nuclear export strategy’, and Wylfa
in particular, but they don’t want to. It is quite difficult to see how
Hitachi can manage the risks of this project without some home support, and
support in Japan is ebbing away.
https://unearthed.greenpeace.org/2019/01/09/japan-uk-nuclear-plans-go-awry/
Funding deadlock looks set to sink Japan’s last overseas nuclear project.
Nikkei Asian Review 11th Jan 2019 , Hitachi to suspend all work on UK nuclear plant. Funding deadlock looks set to sink Japan’s last overseas nuclear project. Hitachi plans to put a U.K.nuclear power project on hold as negotiations with the British government over funding hit an impasse, all but closing the book on Tokyo’s vision for nuclear infrastructure exports.
board is expected to officially decide next week to suspend all work on the
plant, including design and preparations for construction. Hitachi will
freeze the roughly 300 billion yen ($2.77 billion) in assets held by its
British nuclear business and write down their value, likely booking a loss
of 200 billion yen to 300 billion yen for the fiscal year ending in March.
after the news last month that a Japanese-led consortium including
Mitsubishi Heavy Industries was scrapping a project in Turkey. With the
aversion to nuclear power that took hold after the March 2011 Fukushima
Daiichi disaster showing little sign of abating, prospects look grim for a
sector that the Japanese government had positioned as a pillar of its
infrastructure export drive. Hitachi had taken on the planned construction
of two reactors on the Welsh island of Anglesey after acquiring U.K.-based
Horizon Nuclear Power in 2012. The company is leaving the door open to a
return. The project is “not being abandoned,” a source close to Hitachi
told Nikkei, suggesting the company would keep an eye on the situation and
resume the project if possible.
apparently set to continue, reworking the project to the extent Hitachi
requires will be no easy task. As things stand now, it appears likely that
the company will ultimately be forced to bow out.
https://asia.nikkei.com/Business/Business-Deals/Hitachi-to-suspend-all-work-on-UK-nuclear-plant
JAPC denies granting local prior consent for Tokai reactor restart
Major financial group in Japan bans lending to those developing, making or possessing nuclear weapons
Resona bans lending to those developing, making or possessing nuclear weapons https://mainichi.jp/english/articles/20190107/p2a/00m/0bu/024000c, January 7, 2019 (Mainichi Japan) TOKYO — Resona Holdings Inc., a major financial group in Japan, has announced a policy of not extending loans to borrowers that are involved in the development, production or possession of nuclear weapons.
The statement, the first of its kind by a major Japanese banking institution, came amid similar moves by an increasing number of European banks and institutional investors following the adoption at the United Nations of the Treaty on the Prohibition of Nuclear Weapons in 2017.
Whether other Japanese corporations will follow Resona’s action is a focus of attention for the future. There were other lenders banning loans for the production of nuclear weapons, but the Resona policy prohibits any loans to such companies even when such transactions are for non-nuclear related purposes.
The new posture was incorporated in a document titled “Efforts toward socially responsible investment and loans,” which was announced in November last year. According to the paper, Resona refuses to lend to those that are associated with the development, production or possession of weapons of mass destruction, such as nuclear, chemical and biological weapons, or inhuman weaponry including antipersonnel mines and cluster munitions.
Entities that can be subject to relevant restrictions or sanctions, or even those with the potential to be hit with such punitive measures, will be rejected as borrowers, the document says.
An official with Resona, which has never lent to companies making nuclear weapons, explained that the banking group decided to introduce the policy “because we thought it important for providers of funds to make such efforts toward a sustainable society.”
According to the Dutch nongovernmental organization PAX, 63 financial institutions had similar lending policies as of October 2017, an increase of nine from the previous year.
A Mainichi Shimbun poll of four Japanese mega banks — Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial Group and Sumitomo Mitsui Trust Holdings — as well as four major life insurance companies — Nippon, Dai-ichi, Meiji Yasuda and Sumitomo — found that all of the eight companies and groups have policies to refrain from lending and investment over inhuman weapons. Yet the entities did not specify the production of nuclear weapons as a condition to disengage from borrowers.
Officials at Sumitomo Mitsui and Mizuho replied that their companies ban loans to be used in the production of nuclear weapons, while a Mitsubishi UFJ official explained that the company is “making careful judgment in each transaction.”
(Japanese original by Satoko Takeshita, Business News Department)
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