Japan OKs fresh support for Fukushima nuclear plant operator Tepco

February 13, 2012 by legitgov

Japan OKs fresh support for Fukushima nuclear plant operator Tepco 13 Feb 2012 Japan's trade minister approved nearly $9 billion in additional support for Tokyo Electric Power Co to help compensate victims of the Fukushima nuclear crisis on Monday, but said the government would not go ahead with a plan to inject tax money into utility unless it got adequate management say. Aside from the added 690 billion yen ($8.9 billion) in compensation support from a state-backed fund, the government has been planning to inject about 1 trillion yen in taxpayers' money into the utility, also known as Tepco, in what would be one of the world's biggest bailouts outside the banking sector. [This is *insane.* Where are the riots?]