Current Edition- California Business Practice

The Peacemaker Quarterly- April 2014

Tuesday, April 5, 2011

An update about what is going on in Japanese nuclear crisis

Developments in Japan's disasters, nuclear crisis

— RADIATION LIMITS FOR FISH. The government sets its first radiation safety standards for fish after contamination in nearby seawater measures at several million times the legal limit. The delay in the latest figures reaching the public comes as the beleaguered utility firm had to recheck its samples as the firm was lambasted by the government on Sunday for providing inaccurate information regarding the concentration of radiation in seawater near the plant.

— TEPCO COMPENSATION. Tokyo Electric Power Co. says it will give towns within the evacuation zone 20 million yen ($240,000) each in "apology money." That would be on top of any legally required compensation.

— INDIA BANS JAPANESE FOOD IMPORTS. India bans food imports from Japan for three months or until credible information shows the radiation hazard has subsided. It will review the situation weekly.

— STOCK DROPS TO LOWEST LEVEL. TEPCO's stock drops 80 yen to just 362 yen ($4.30), falling below its previous all-time closing low from December 1951. Since the quake, the share price has nose-dived a staggering 80 per cent.

I do not think TEPCO will survive this crisis especially with its stock falling so much and the fact that they are being reprimanded by the government for providing inaccurate information.

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