Sunday, June 19, 2011

Japan to compensate nuclear victims

Japan's cabinet has approved a bill to help embattled Tokyo Electric Power Company (TEPCO) compensate tens of thousands of people affected by the crisis at its Fukushima Daiichi nuclear plant, sending its shares soaring in Tokyo trading.
The bill, which is yet to be approved by parliament, will see the creation of a body to handle claims made against TEPCO and will be funded by public money as well as contributions from power companies.