Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Stock Maket Trading Lesson - How to REALLY Trade Markets - 26th Nov 21
SILVER Price Trend Analysis - 26th Nov 21
Federal Reserve Asks Americans to Eat Soy “Meat” for Thanksgiving - 26th Nov 21
Is the S&P 500 Topping or Just Consolidating? - 26th Nov 21
Is a Bigger Drop in Gold Price Just Around the Corner? - 26th Nov 21
Financial Stocks ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target - 26th Nov 21
A Couple of Things to Think About Before Buying Shares - 25th Nov 21
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 - 25th Nov 21
Stock Market Begins it's Year End Seasonal Santa Rally - 24th Nov 21
How Silver Can Conquer $50+ in 2022 - 24th Nov 21
Stock Market Betting on Hawkish Fed - 24th Nov 21
Stock Market Elliott Wave Trend Forecast - 24th Nov 21
Your once-a-year All-Access Financial Markets Analysis Pass - 24th Nov 21
Did Zillow’s $300 million flop prove me wrong? - 24th Nov 21
Now Malaysian Drivers Renew Their Kurnia Car Insurance Online With Fincrew.my - 24th Nov 21
Gold / Silver Ratio - 23rd Nov 21
Stock Market Sentiment Speaks: Can We Get To 5500SPX In 2022? But 4440SPX Comes First - 23rd Nov 21
A Month-to-month breakdown of how Much Money Individuals are Spending on Stocks - 23rd Nov 21
S&P 500: Rallying Tech Stocks vs. Plummeting Oil Stocks - 23rd Nov 21
Like the Latest Bond Flick, the US Dollar Has No Time to Die - 23rd Nov 21
Why BITCOIN NEW ALL TIME HIGH Changes EVERYTHING! - 22nd Nov 21
Cannabis ETF MJ Basing & Volatility Patterns - 22nd Nov 21
The Most Important Lesson Learned from this COVID Pandemic - 22nd Nov 21
Dow Stock Market Trend Analysis - 22nd Nov 21
UK Covid-19 Booster Jabs Moderna, Pfizer Are They Worth the Risk of Side effects, Illness? - 22nd Nov 21
US Dollar vs Yields vs Stock Market Trends - 20th Nov 21
Inflation Risk: Milton Friedman Would Buy Gold Right Now - 20th Nov 21
How to Determine if It’s Time for You to Outsource Your Packaging Requirements to a Contract Packer - 20th Nov 21
2 easy ways to play Facebook’s Metaverse Spending Spree - 20th Nov 21
Stock Market Margin Debt WARNING! - 19th Nov 21
Gold Mid-Tier Stocks Q3’21 Fundamentals - 19th Nov 21
Protect Your Wealth From PERMANENT Transitory Inflation - 19th Nov 21
Investors Expect High Inflation. Golden Inquisition Ahead? - 19th Nov 21
Will the Senate Confirm a Marxist to Oversee the U.S. Currency System? - 19th Nov 21
When Even Stock Market Bears Act Bullishly (What It May Mean) - 19th Nov 21
Chinese People do NOT Eat Dogs Newspeak - 18th Nov 21
CHINOBLE! Evergrande Reality Exposes China Fiction! - 18th Nov 21
Kondratieff Full-Season Stock Market Sector Rotation - 18th Nov 21
What Stock Market Trends Will Drive Through To 2022? - 18th Nov 21
How to Jump Start Your Motherboard Without a Power Button With Just a Screwdriver - 18th Nov 21
Bitcoin & Ethereum 2021 Trend - 18th Nov 21
FREE TRADE How to Get 2 FREE SHARES Fractional Investing Platform and ISA Specs - 18th Nov 21
Inflation Ain’t Transitory – But the Fed’s Credibility Is - 18th Nov 21
The real reason Facebook just went “all in” on the metaverse - 18th Nov 21
Biden Signs a Bill to Revive Infrastructure… and Gold! - 18th Nov 21
Silver vs US Dollar - 17th Nov 21
Silver Supply and Demand Balance - 17th Nov 21
Sentiment Speaks: This Stock Market Makes Absolutely No Sense - 17th Nov 21
Biden Spending to Build Back Stagflation - 17th Nov 21
Meshing Cryptocurrency Wealth Generation With Global Fiat Money Demise - 17th Nov 21
Dow Stock Market Trend Forecast Into Mid 2022 - 16th Nov 21
Stock Market Minor Cycle Correcting - 16th Nov 21
The INFLATION MEGA-TREND - Ripples of Deflation on an Ocean of Inflation! - 16th Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Hamaoka, Another Japanese Nuclear Plant Shut Down

Politics / Nuclear Power May 07, 2011 - 07:58 AM GMT

By: Pravda

Politics

Best Financial Markets Analysis ArticlePremier orders shutdown of another nuclear plant in Japan, Naoto Kan asks suspension of Hamaoka reactors until there are security measures to tackle tsunami or earthquake...

The Japanese Prime Minister, Naoto Kan, decided on Friday to suspend the operation of the Hamaoka nuclear power plant (southwest of Tokyo) because of the risk of an earthquake in the region, informed the local agency "Kyodo."


The Hamaoka plant, operated by Chubu Electric, is on the Pacific coast in the Tokai area of ​​the confluence of three tectonic plates, where it is feared that over the next 30 years an earthquake of magnitude 8 or more on the Richter scale will occur.

 

Aerial photo of February 2011 shows the Hamaoka nuclear power plant in the city of Omaezaki, Shizuoka Province in central Japan

Kan believes that all reactors of the plant, located in Shizuoka Province, should be shut down until there are sufficient safety measures in the medium and long term, to face a tsunami or earthquake of high magnitude.

As a consequence of the demand of Japanese Prime Minister, Chubu Electric, the third nuclear power company in Japan, will take the two nuclear reactors offline that are active in that area. They currently produce 2.5 megawatts of electricity, Kyodo reported.

"This is a decision made after considering the safety of people," said the chief of the Japanese government, who previously acknowledged that his office's response to the disaster of March 11 was "inadequate in several aspects."

The decision of the Prime Minister to shut down another plant comes as Japan is experiencing a persistent nuclear crisis by failing to control the situation at the Fukushima plant, whose reactors were left without a cooling system following the 9.0 magnitude earthquake and tsunami of March 11th.

Reactors 4 and 5 are currently in operation in the Hamaoka nuclear complex, while units 1 and 2 were disabled. The operator, Chubu Electric, announced its intention to resume operations in reactor 3 as soon as inspections planned for July were carried out.

The government had already asked the operator to review safety systems of the nuclear plant after the consequences of the nuclear crisis that hit Japan. The government considered they may be insufficient in the case of an earthquake of great magnitude.

On Friday, the Executive indicated that they will attempt to mitigate potential problems of energy supply as a result of the stoppage of Hamaoka. The Japanese Ministry of Science estimates that there is a 37% probability that this region will suffer an earthquake of magnitude 8 in the next 30 years.

Since March 11, four nuclear power plants are inoperative. The plants went into automatic shutdown because of the strong earthquake, which caused a reduction in the energy supply in Japan

According to Kyodo, a reactor in another nuclear power plant in Tsuruga (central Japan), will be stopped manually on Saturday after leaks of radioactive materials were detected. The authorities in Fukui Province, where Tsuruga is located, suspect leakage from nuclear fuel rods from reactor 2, although at low levels.

Inadequate response

The Japanese prime minister admitted previously on Friday that his government's response to the earthquake of March 11 was "inadequate in several aspects," asking his ministers to share more information.

Kan spoke positively about both governmental teams in charge of the nuclear crisis and the consequences of a disaster that adds up to almost 25,000 dead and missing. "The affected areas are still facing difficult conditions, but we also saw positive movement toward reconstruction," the prime minister, Kyodo, said.

The spokesman of the Japanese government, Yukio Edan, explained that Kan wants whatever information is shared by his cabinet independently of the jurisdiction of each department.

About 55% of Japanese have low expectations about government efforts to combat what Kan defined as the country's worst crisis since the end of World War II, according to a survey released this week by the newspaper, Asahi.

The popularity of Kan, who within a month celebrates his first anniversary in office, was very low even before the tragedy, with an approval rating of only 20%. In total, 14,841 died and 10,063 others are missing because of the disaster which devastated large areas of the provinces of Miyagi, Iwate and Fukushima, where more than 100,000 are homeless.

Visit to the affected area

The emperors of Japan, Akihito and Michiko visited the Iwate Province on Friday, one of the most devastated by the earthquake following the tsunami of March. The two flew in an aircraft of the Self-Defense Forces (Army) from Tokyo and landed at the Hanamaki airport, where they delivered an economic contribution in a private capacity to the governor of the province, Takuya Tasso.

The visit of the emperors to Iwate, where the last bulletin points to 4,351 dead and 3,305 missing, has been postponed to Monday from this Friday because of bad weather at the beginning of the week.

Akihito, 77, and Michiko, 76, flew in a helicopter over the cities of Kamaishi and Miyako, visiting shelters to show their support for people affected by the disaster. This is the fourth trip of the emperors to a region devastated by the disaster, after spending April in the Provinces of Chiba, Ibaraki and Miyagi, the latter being the most affected, with 8,885 dead and 6,073 missing.

Next Wednesday, exactly two months after the tragedy, the emperors will visit Fukushima, where tens of thousands remain homeless because of the nuclear crisis. Already the crown princes, Naruhito and Masako visited a shelter in Misato in Saitama Province on Saturday, the Agency of the Imperial House informed.

Translated from the Portuguese version by:

Lisa Karpova

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in