Japan Court Paves Way for Restart of Shikoku Nuclear Reactor

  • Shikoku shares jump most since March 2020 on court decision
  • Separate court orders to bar operations of idled Tokai reactor
The No. 3 reactor, right, at its Ikata nuclear power plant in 2016.Photographer: JIJI PRESS/AFP/Getty Images
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A Japanese court overturned a decision barring the operation of Shikoku Electric Power Co.’s nuclear power plant, a win for the government’s efforts to revive the country’s idled atomic energy industry.

The Hiroshima High Court’s sided with the utility’s appeal, removing a temporary injunction that prevented the Ikata No. 3 nuclear reactor from operating, according to a live stream from the court house. A different judge in the same court issuedBloomberg Terminal a temporary injunction on the plant in January 2020, siding with plaintiffs who argued that the nation’s regulator didn’t properly assess volcano and earthquake risks.