News Ticker:

Japan doubles Fukushima disaster-related cost to $188 bln | Reuters

Dec 9 Japan’s Ministry of Economy, Trade and Industry (METI) said on Friday it has nearly doubled its projections for costs related to the Fukushima nuclear disaster including decommissioning and compensation to 21.5 trillion yen ($188.40 billion).

In 2013, the ministry had calculated the cost at 11 trillion yen comprising 5.4 trillion yen for compensation, 2.5 trillion yen for decontamination, 2 trillion yen to decommission the wrecked Fukushima Daiichi plant, operated by Tokyo Electric Power Co, and 1.1 trillion yen for a facility to store contaminated soil.

The new estimate calls for 7.9 trillion yen for compensation, 4 trillion yen for decontamination, 8 trillion yen for decommissioning, and 1.6 trillion yen for the interim storage facility, the ministry said in a statement.

Source: Japan doubles Fukushima disaster-related cost to $188 bln | Reuters

They have no clue.  It’ll end up being much more than this.

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