Yukio Edano News
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Japan’s economic rebound from the deepest contraction among advanced nations after Greece and Portugal may be stunted this year as power shortages threaten its western region.
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Elpida Memory Inc. tumbled the most in more than seven years in Tokyo trading after a failure to embrace the global consumer shift from computers to smartphones and tablets pushed the chipmaker into filing for bankruptcy.
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Japan’s former Prime Minister Naoto Kan received a mixed assessment of his handling of last year’s Fukushima nuclear disaster from an independent panel.
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Tokyo Electric Power Co., which received an $8.9 billion lifeline from the Japanese government, widened its full-year loss forecast as compensation and clean-up costs rose after the Fukushima nuclear disaster.
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Tokyo Electric Power Co. received a $8.9 billion lifeline from the Japanese government, averting the risk of a delisting 11 months after the Fukushima nuclear disaster forced the evacuation of 160,000 people.
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Tokyo Electric Power Co. risks delisting from the city’s stock exchange as negotiations with the government stalled over a bailout that would prevent a collapse of the utility after the Fukushima nuclear disaster.
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Japan’s government, seeking to bailout Tokyo Electric Power Co. after the Fukushima nuclear disaster, met representatives from about 100 financial companies as it prepares to raise as much as 2 trillion yen ($26 billion) of loans, five people involved in the meeting said.
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Tokyo Electric Power Co. shares fell to the lowest in at least 37 years after Trade and Industry Minister Yukio Edano said the company should consider being nationalized.
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Japan’s government will consider taking control of the country’s atomic power stations unless private utilities assume more responsibility for the risks involved in their operations, the Yomiuri newspaper reported, citing Trade and Industry minister Yukio Edano.
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Japan will lose its last nuclear- generated power in April at the current rate of shutting down reactors for safety checks, cheering opponents of the industry after the Fukushima disaster while adding to concern about potential blackouts and factory shutdowns.
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