Japan

NPPs in Japan

VM

Dec 19, 2012

In the first general elections held since the phased shutdown of nuclear reactors across Japan, the Liberal Democratic Party (LDP) scored a landslide victory. Incidentally, the LDP was also the party most vehemently opposed to its predecessor, the Democratic Party of Japan (DJP), when it declared the shutdown of nuclear power plants (NPPs) across Japan, increasing the economic powerhouse’s reliance on fossil fuels.

Now that Abe, who termed Noda’s actions “irresponsible”, is in power, the markets were also quick to respond. TEPCO’s shares jumped 33 per cent, Kansai Electric Power’s rose 18 per cent, the Nikkei index 1 per cent, and the shares of two Australian uranium mining companies rose at least 5 per cent each.

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