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This R&D provides resources on Japan’s use of nuclear power. Since Japan is starved of energy resources it has relied on nuclear power for nearly 40% of its energy needs. However, the Fukushima nuclear disaster in March 2011 led to a shutdown of the country’s nuclear reactors. Prime Minister Shinzo Abe has pushed for restarting nuclear power plants, arguing that it is a national security issue, but environmentalists say that the only way to keep Japan safe is to move to renewable resources such as solar power.
Ex-Japan PM: nuclear power remains unsafe and too costly https://t.co/dMjeht58CI #hinkley #Fukushima
— Kevin Sharpe (@IronMillTech) March 15, 2016
Five years after tsunami in Japan, many still can’t return home due to nuclear contamination https://t.co/y8FjRNXk6t pic.twitter.com/2yqmP84knO
— AJE News (@AJENews) March 11, 2016
Court orders shut down of 1 of Japan’s 2 operating nuclear plants for safety reasons, in blow to reactor restarts: https://t.co/aHHOEqGqmS
— Martin Fackler (@facklernyt) March 10, 2016
When he assumed office in December 2012 Japanese Prime Minister Shinzo Abe pledged a radical course of action to deal with Japan’s economic downturn. Since 1990 the world’s third-largest economy has been plagued by deflation and sagging consumer confidence creating what Japanese policymakers call the “Lost Two Decades.” Abe’s program, dubbed “Abenomics,” called for a combination of expansionary monetary and fiscal policy and structural reform. Throughout 2013 the Japanese economy showed signs of recovery and inflation was moving upwards, but Abe’s decision to increase the country’s consumption tax from 5% to 8% in April has produced the country’s fourth recession since 2008. In response to disappointing economic numbers, Abe announced last week that he is postponing a future increase in the consumption tax until 2017 and he called for new parliamentary elections next month. He justified his call for new elections by saying that he needed a mandate from voters to continue his economic program and pledged to resign if his Liberal Democratic Party (LDP) coalition did not win. Although the LDP is expected to triumph in next month’s vote, analysts question whether Abe has the stomach to continue major economic reforms in light of Japan’s recent recession and some criticize the upcoming election as a useless exercise.
Here is today’s premium R&D to accompany
Okinawa Issue Lingers