Economics
Atomic Safety Rules Report Drives Down Utilities: Tokyo Mover
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Hokkaido Electric Power Co. led declines among Japan’s utilities after the Nikkei newspaper reported that new safety requirements for atomic plants will cost the power companies tens of billions of yen.
Hokkaido Electric fell as much as 6.8 percent to 1,001 yen on the Tokyo Stock Exchange, before trading 1.5 percent lower at 1,058 yen as of the 11:30 a.m. midday break. The 17 member TOPIX Electric Power & Gas Index slipped 0.5 percent while the benchmark Nikkei 225 Stock Average rose 0.5 percent.