The Price Point in Japan

The Price Point in Japan

by Mark Flanagan

Outside Japan, it seemed inevitable:

Japan has given final approval for the restart of two nuclear reactors, a move that will end a total shutdown of the atomic power sector caused by safety fears raised by last year’s crisis at the Fukushima Daiichi plant.

Inevitable because the Prime Minister Yoshihiko Noda worked hard to get the approval of the prefecture (state) officials because all signs were that Japan would suffer brownouts and blackouts without the Oi (I’ve also seen it as Ohi) reactors in Fukui Prefecture. In any event, though the announcement is notable, it will still take awhile to get the reactors back online.