Shares in Tokyo Electric Power fell 19 per cent amid growing speculation that the operator of Japan’s crippled Fukushima Daiichi nuclear power plant could be nationalised.
Public anger and potentially huge liability claims stemming from the worst nuclear crisis in 25 years have fuelled speculation the government could take over the utility.
Koichiro Gemba, Japan’s national policy minister, suggested on Tuesday that nationalisation was an option: “All kinds of discussion are, of course, possible on what to do with Tepco.” The Yomiuri Shimbun, Japan’s biggest circulation daily newspaper, had reported that the government was considering taking a majority stake in the company.
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