Fukushima
Niigata approves restart of world's largest nuclear plant
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Niigata Governor Hideyo Hanazumi approved the restart of the world's largest nuclear plant, the Kashiwazaki-Kariwa facility, on Friday. This marks the first restart for operator TEPCO since the 2011 Fukushima disaster. The move supports Japan's goals to reduce fossil fuel reliance and achieve carbon neutrality.
The Tohoku Local Finance Bureau has filed criminal charges against Iwaki Shinkumi, a credit cooperative in Iwaki, Fukushima Prefecture, and its former executives for allegedly providing false explanations during an on-site inspection. The institution engaged in fraudulent loans totaling ¥27.9 billion over about 20 years starting in 2004 and supplied ¥1 billion to antisocial forces from 2004 to 2016.
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The Japanese government has approved Tokyo Electric Power Company Holdings' new business turnaround plan, targeting ¥3.1 trillion ($20.2 billion) in cost cuts over 10 years starting from fiscal 2025. The measures address massive expenses from the 2011 Fukushima No. 1 nuclear meltdown, achieved via business streamlining, reduced investments, and asset sales. Tepco expects to return to profitability next year, assuming a reactor restart.
In Sukagawa, Fukushima Prefecture, about 200 colorful Japanese wagasa umbrellas are illuminating the nights at a cultural center. The event, featuring red, blue, and other vibrant colors, runs through November 8. It began in 2021 to uplift the community during the COVID-19 pandemic.