Monday, April 3, 2017

Real cost of Fukushima disaster will reach ¥70 trillion, or triple government’s estimate: think tank

A private think tank says the total cost of the Fukushima disaster could reach ¥70 trillion ($626 billion), or more than three times the government’s latest estimate.


In a study Saturday, the Japan Center for Economic Research said costs of dealing with the heavily damaged Fukushima No. 1 nuclear plant run by Tokyo Electric Power Company Holdings Inc. could rise to between ¥50 trillion and ¥70 trillion.


In December, the government estimated the costs would reach roughly ¥22 trillion.


“If costs rise, the public burden could greatly increase. The country’s nuclear policy needs to be reviewed,” JCER said.


The government’s initial expectations pegged the costs at ¥11 trillion.


But a study by the Ministry of Economy, Trade and Industry said that the final figure could turn out to be double the sum estimated in 2013.


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