BMI View: The second anniversary of the Great East Japan Earthquake of March 2011 found Japan powersector still reeling and redefining its future. The landslide election victory by the Liberal Democratic Party(LDP) in December 2012 brought about a significant change in the government''s attitude towards nuclearenergy. However, several factors - chiefly the upcoming upper house elections and the ongoing work onnew nuclear safety standards - continue to convolute the outlook. While we maintain our view that nucleargeneration will play an important part in Japan''s electricity mix in the long-term, restarts could thus bedelayed in the near term. Hence, reliance on therma...
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