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REGULATION | Cesar Tordesillas, Japan
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Japan OKs aid for Tepco

Japan has approved a plan to provide 900 billion yen or $11.5 billion in public funds to
Tepco.

Japan's nuclear minister, Goshi Hosono, says the aid is meant to be a preliminary installment to help the cash-strapped Tokyo Electric Power Co. to cover the massive cost of ongoing decontamination and future dismantling of its reactors damaged in the ongoing nuclear crisis.

The money comes from the fund made up of all Japanese nuclear plant operators and the government.

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