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Japan to Fund Fukushima Decontamination With Tepco Sale

Japan’s government will assume decontamination costs from the Fukushima nuclear meltdowns via the sale of its shares in Tokyo Electric Power Co., the operator of the wrecked plant, while the utility will be responsible for compensation claims arising from the disaster.

The plan by the government’s Nuclear Emergency Response Headquarters puts a cap on the utility’s costs related to the disaster, which gives clarity to potential investors, Nomura Holdings Inc. said earlier this week. The company also plans to set up a separate unit to decommission the wrecked plant so it can get back to its business of generating electricity.