Thursday, March 29, 2012

Japan to take over two thirds stake in Tepco: report

photoTOKYO (Reuters) - The Japanese government plans to take a stake of more than two-thirds in Tokyo Electric Power Co in a de facto nationalization of the operator of the crippled Fukushima nuclear power plant, the Yomiuri newspaper said on Wednesday. Sources said this month that the government may inject about $13 billion into Asia's biggest utility as early as next summer in a de facto nationalization. The Yomiuri also reported that the government is looking at injecting 1 trillion yen ($12. ...


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