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Having invested billions of dollars (trillions of yen) in nuclear plants and technology it is counting on selling to a burgeoning global industry, many of Japan business Grey Nike Air Force 1 Low
the last two years,.
and political leaders appear reluctant to give it up. Local communities are divided: many have relied heavily on nuclear plants for jobs and tax revenues, but worry over potential risks. Such companies include phone carrier Softbank, trading houses Mitsui Co. and Marubeni Corp. , Toyota Motor Corp. Toyota Turbine and Systems Inc. and Oji Paper, among others. Since April 2012, Japan has increased its generation capacity from renewable sources by 15 percent to about 3. 4 million kilowatts.
Japan posted a trade deficit in 2011 for the first time in 31 years, and another deficit of 8. 2 trillion yen ($82. 4 billion) in 2012. About half of the increase stemmed from rising fuel costs, according to the trade minister, Toshimitsu Motegi. The recent weakening of Black Air Force 1 Low
its oil comes from the volatile Middle East. But the reasons for keeping the nuclear industry afloat extend beyond the imperatives of trade balances and balance sheets.
the Japanese yen has added to the burden on the economy from oil and gas imports. Abe and others in favor of resuming nuclear power contend that renewable energy is too expensive and unreliable wind doesn always blow, the sun doesn always shine. Apart from those issues, national security requires that Japan retain some self sufficiency, and the only way to do that is by relying at least Air Force Brown in the near term on nuclear energy, said Masamichi Adachi, an economist at JPMorgan in Tokyo. While Japan suppliers of uranium tend to be stable industrial nations, most of Nike Air Force Brown Leather
f of total demand. Even with little to no nuclear power, Japan has managed to avoid power rationing and blackouts. Industries have moved aggressively to avoid disruptions by installing backup generators and shifting to new sources, such as solar power. Recent disclosures that the Fukushima plant is still leaking radiation and struggling to handle contaminated water used to cool its reactors have raised alarm over whether the situation is as fully under control as Abe says. Still, the government appears certain to scuttle the commitment to end the use of nuclear power gradually that was made a year ago under a different administration. While surveys indicate the public remains opposed to nuclear power, the demonstrations by hundreds of thousands after the Fukushima disaster have diminished, perhaps sapped by the pain to the pocketbooks of Tokyo households now paying 30 percent more for electricity than before, with more rate hikes to come. The issue is cost, and to a lesser extent, concern over a resurgence in climate changing carbon emissions due to increased use of coal and oil to generate power. Clean energy still only accounts for 10 percent of total consumption most of it hydropower. Much of the new capacity approved has yet to come online. Reliance on imported oil and gas has surged from about 60 percent of energy consumption to about 85 percent.
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