Fukushima Nuclear Plant Operator to Compensate Businesses: Relief Pledged for Damage Linked to Water Release
16:33 JST, August 23, 2023
Tokyo Electric Power Company Holdings, Inc. intends to provide compensation for damage linked to the ocean release of treated water from its Fukushima No. 1 nuclear power plant, such as a decline in marine product sales due to lower prices or consumers’ reluctance to buy.
TEPCO said it will begin accepting applications on Oct. 2.
“We will fulfill our responsibility, strongly determined not to allow damage from harmful rumors. We will enhance our preparations to that end,” company President Tomoaki Kobayakawa told reporters on Tuesday.
Compensation is envisioned for businesses that have been in operation since before the water release plan, mainly in the fisheries, agriculture, tourism, seafood processing and wholesale industries. The company also plans to provide compensation if the release of the water harms other businesses.
TEPCO will judge whether the claimed damage is eligible for compensation, and if it is, calculate the amount of damage.
If exports decrease due to restrictions imposed by foreign countries, TEPCO intends to calculate compensation based on past transaction records.
"Business" POPULAR ARTICLE
-
G20 Sees Soft Landing for Global Economy; Leaders Pledge to Resist Protectionism as Trump Calls for Imported Goods Flat Tariff
-
Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market
-
China Struggles to Develop Passenger Jet to Rival Boeing, Airbus; Russian Cooperation Falls
-
Japanese Cosmetics Firms Competing with South Korean Brands over Inexpensive Products; South Korean Brands Dominating Market Through Social Media
-
Japan Logistics Industry Struggles Amid Shortage of Drivers; Increasing Number of Transport Companies Going Bankrupt
JN ACCESS RANKING
- Asukayama Monorail in Tokyo: Free to Ride!
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- JICA Employee Suspected of Leaking Info on ODA Project in Manila; Bidding for Railway Renovation May Have Been Impacted
- G20 Sees Soft Landing for Global Economy; Leaders Pledge to Resist Protectionism as Trump Calls for Imported Goods Flat Tariff
- Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market