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Japan May Nationalize Nuclear Power Plants, Edano Tells Yomiuri

Japan’s government will consider taking control of the country’s atomic power stations unless private utilities assume more responsibility for the risks involved in their operations, the Yomiuri newspaper reported, citing Trade and Industry minister Yukio Edano.

Tokyo Electric Power Co. and other atomic plant operators have benefited from lower operating costs, yet the government is stepping in to help compensate those affected by the Fukushima nuclear crisis, Edano said in an interview, according to the Yomiuri.