TOKYO (Reuters) – Japan is set to launch a $13 billion bail-out of the owner of its stricken Fukushima nuclear power plant after the utility dropped resistance to a public fund injection, sources said on Thursday, as the country debates the future of nuclear power.

The injection of 1 trillion yen ($12.8 billion) in public funds into Tokyo Electric Power Co (9501.T: Quote, Profile, Research) would effectively nationalize the firm, supplier of power to almost 45 million people, in one of the world’s biggest bailouts outside the banking sector.

TOKYO (Reuters) – The owner of Japan’s stricken nuclear reactor, Tokyo Electric Power Co, will agree to be taken over by the government in a near-$13 billion bailout, sources said on Thursday, even as the country debates the future of nuclear power.

The injection of 1 trillion yen ($12.8 billion) in public funds would effectively nationalize Tepco (9501.T: Quote, Profile, Research, Stock Buzz), supplier of power to almost 45 million people including Tokyo residents, in one of the world’s biggest bailouts outside the banking sector.

TOKYO, Jan 26 (Reuters) – The owner of Japan’s
stricken nuclear reactor, Tokyo Electric Power Co, will agree to
be taken over by the government in a near-$13 billion bailout,
sources said on Thursday, even as the country debates the future
of nuclear power.

The injection of 1 trillion yen ($12.8 billion) in public
funds would effectively nationalise Tepco, supplier of
power to almost 45 million people including Tokyo residents, in
one of the world’s biggest bailouts outside the banking sector.

TOKYO, Jan 13 (Reuters) – Prime Minister Yoshihiko
Noda appointed fiscal hawk Katsuya Okada as his deputy in charge
of tax and social security reform on Friday, signalling
determination to forge ahead with sales tax increases despite a
deadlocked parliament.

Noda also chose Naoki Tanaka, an upper house lawmaker from
the ruling Democratic party, to replace gaffe-prone Defence
Minister Yasuo Ichikawa, the top government spokesman said in
announcing a cabinet revamp.

TOKYO (Reuters) – A prolonged cycle of dashed hopes, failed strategies and policy deadlock — Japanese politics is reminding some critics of the comedy film “Groundhog Day,” in which the hero repeatedly wakes to find he is living the same wintry day over and over.

But Prime Minister Yoshihiko Noda, now trying to crack that cycle and enact a tax rise to curb a huge public debt, might take heart from the 1993 film’s happy ending, where the time-loop is broken by learning from past mistakes.

TOKYO (Reuters) – A prolonged cycle of dashed hopes, failed strategies and policy deadlock — Japanese politics is reminding some critics of the comedy film “Groundhog Day”, in which the hero repeatedly wakes to find he is living the same wintry day over and over.

But Prime Minister Yoshihiko Noda, now trying to crack that cycle and enact a tax rise to curb a huge public debt, might take heart from the 1993 film’s happy ending, where the time-loop is broken by learning from past mistakes.

TOKYO (Reuters) – Japan’s disgraced Olympus Corp is suing 19 current and former executives, including its current president, for up to almost $50 million in compensation, as it struggles to recover from one of the nation’s worst accounting scandals.

The maker of cameras and medical equipment said on Tuesday all board members subject to the lawsuit would quit in March or April, leaving it in the extraordinary position for now of continuing with its most senior executive, Shuichi Takayama, and several other directors it is suing for mismanagement.

TOKYO (Reuters) – Japan’s disgraced Olympus Corp is suing 19 current and former executives, including its current president, for up to almost $50 million in compensation, as it struggles to recover from one of the nation’s worst accounting scandals.

The maker of cameras and medical equipment said on Tuesday all board members subject to the lawsuit would quit in March or April, leaving it in the extraordinary position for now of continuing with its most senior executive, Shuichi Takayama, and several other directors it is suing for mismanagement.

TOKYO, Jan 10 (Reuters) – Japan’s disgraced Olympus
Corp is suing 19 current and former executives,
including its current president, for up to almost $50 million in
compensation, as it struggles to recover from one of the
nation’s worst accounting scandals.

The maker of cameras and medical equipment said on Tuesday
all board members subject to the lawsuit would quit in March or
April, leaving it in the extraordinary position for now of
continuing with its most senior executive, Shuichi Takayama, and
several other directors it is suing for mismanagement.

TOKYO (Reuters) – Japan wants China to help keep North Korea from imploding and might need U.S. defence backup if it does, but its own ability to take diplomatic initiatives is being constrained by its focus on the fate of citizens abducted by Pyongyang decades ago.

Japan, whose territory is within range of its unpredictable neighbour’s missile arsenal, has made a show of solidarity with its closest ally, the United States, since Monday’s sudden announcement that 69-year-old North Korean leader Kim Jong-il had died.