TEPCO (TKECF.PK) receives a ¥1T ($12.8B) financial assistance package from Japan's government...

|By:, SA News Editor

TEPCO (TKECF.PK) receives a ¥1T ($12.8B) financial assistance package from Japan's government aimed at preventing a cash crunch at the beleaguered company. The government also kicked in close to ¥1T to a fund designed to pay out compensation to people and businesses affected by the natural disaster. The disbursement of funds to the public is expected to be the first of many installments over the next few years.