By Tim Kelly and David Dolan,
Japan plans to set up a government-backed insurance fund to put money into Tokyo Electric Power and pay compensation stemming from the disaster at its Fukushima Daiichi nuclear plant, the Nikkei newspaper said.
Aimed at saving Tokyo Electric from collapse, the plan would have the state initially shoulder the massive compensation costs, which the power company would then repay over several years via special dividends, the paper said.
Asia’s largest utility, (…)
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