Naoto Kan, Japan’s prime minister, has dismissed speculation his government plans to nationalise the utility at the centre of the country’s nuclear crisis, saying it should continue as a private business for now, writes Mure Dickie in Tokyo.
The future of Tokyo Electric Power has been in question since an earthquake and tsunami knocked out safety systems at its Fukushima Daiichi plant on March 11, sparking the worst nuclear accident in a quarter of a century.
Last week Tepco secured $25bn in emergency funding from three of Japan’s largest banks, but has said it will ask the government for more financial support.
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