Shares in Tokyo Electric Power Company have fallen more than 8 per cent in Tokyo on Monday on expectations the company will be prevented from restarting a nuclear plant in the Niigata prefecture. Ryuichi Yoneyam, an anti-nuclear candidate who was elected governor of Niigata prefecture over the weekend, told Japanese press he can’t approve the restart of Tepco’s Kashiwazaki Kariwa nuclear facility, which is located in that administrative division. Tepco shares were down 7.4 per cent in morning trade in Tokyo, but had been off by as much as 8.1 per cent. The company’s share price is now down by 43.8 per cent in 2016. The broad Topix benchmark and price-focused Nikkei 225 were both up 0.4 per cent on Monday.
FT 17th Oct 2016 read more »
Guardian 17th Oct 2016 read more »
Reuters 17th Oct 2016 read more »