Seeking Alpha

Japan intervenes in Fukushima disaster with money, manpower

Japan's government will provide money and personnel to help cope with rising amounts of contaminated water at the Fukushima nuclear power plant after losing confidence in Tepco's (TKECF.PK, TKECY.PK) ability to handle the situation on its own.

The trade minister says the latest leak of 300 metric tons of highly contaminated water "could have been prevented" if Tepco had been more careful, pointing out that the 1,000 tons/day of groundwater flowing into the site presents a serious problem.


From other sites
Comments (4)
  • DeepValueLover
    , contributor
    Comments (10113) | Send Message
    Looks like another great opportunity to add to the position at a better price.
    27 Aug 2013, 09:22 AM Reply Like
  • Viper740
    , contributor
    Comments (379) | Send Message
    Further proof that Fukushima is a completely man-made disaster caused by corruption, arrogance, and incompetence. I don't expect it to get any better, because if it were going to, it would have already done so.


    Expect a large meltdown of some sort, followed by an international/US team to come in and finally seal the place off properly.
    27 Aug 2013, 10:11 PM Reply Like
  • stockmann1
    , contributor
    Comments (2) | Send Message
    I wouldn't call a 9.0 earthquake completely manmade.
    28 Aug 2013, 01:14 AM Reply Like
  • Viper740
    , contributor
    Comments (379) | Send Message
    The earthquake was not made made, but the failed response to the nuclear disaster was man made. The was the conclusion of the third-party panel's report.
    28 Aug 2013, 05:36 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs