• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 days The United States produced more crude oil than any nation, at any time.
  • 10 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days How Far Have We Really Gotten With Alternative Energy
  • 11 days e-truck insanity
  • 9 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 9 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 11 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Russia Leverages Its Nuclear Expertise in Africa

Russia Leverages Its Nuclear Expertise in Africa

Despite Western sanctions, Russia is…

Princeton Scientists Unveil Breakthrough in Fusion Reactor Technology

Princeton Scientists Unveil Breakthrough in Fusion Reactor Technology

Princeton Plasma Physics Laboratory researchers…



The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

Japan Plans To Restart Seven Nuclear Reactors By Summer 2023

  • Japan shutdown its nuclear plants following the 2011 Fukushima disaster.
  • Nuclear energy is beginning to gain political and public support in Japan.
  • The country’s prime minister recently announced the restart of seven reactors by the summer of 2023.

In Japan, a major reversal last month, the government now wants to restart more nuclear power plants that were idled after the 2011 Fukushima disaster and is interested in expanding investments in next-generation plants. Weeks after the announcement, Japanese broadcaster NHK commissioned a new survey that revealed half of the population supports the government's initiative to expand nuclear power.  NHK found that 48% of the respondents supported Japanese Prime Minister Fumio Kishida's plan of developing next-generation nuclear reactors as a reliable, clean energy power source in the country. About 32% opposed the plan, and another 20% were undecided. 

The survey was conducted between Sept. 9-11 via random telephone conversations among 1,255 adults and came two weeks after Kishida announced plans to examine the construction of new plants that would break more than a decade of energy policy following the Fukushima disaster, which led to a decade-long effort to eliminate nuclear. 

Japan's energy policy is coming out of a decade of paralysis with increasing political and public support. The prime minister announced the restart of seven nuclear reactors across the country by the summer of 2023, bringing the total number of operating power units to 17.

Kishida's reasoning behind revisiting nuclear comes as Japan could face electricity supply problems due to soaring prices of natural gas and other energy products. 

Uranium bulls should be jumping for joy at the prime minister's statement last month: 

"Nuclear power and renewables are essential to proceed with a green transformation," Kishida said. "Russia's invasion changed the global energy situation."

Related: UK Puts A Cap On Household Energy Bills

Besides Japan, California and Germany have recently announced plans to extend the life of nuclear power plants beyond the end of this year as the world faces a very dark winter amid a global energy crisis.

"Germany and California have been two of the most negative jurisdictions in the world on nuclear and both of them are coming around. I would say hell would freeze over before that would happen," Per Jander, director of nuclear and renewables at WMC Energy, a commodity merchant, told Financial Times. "It will have an immediate impact on the market."

The world appears to be more receptive to nuclear following the invasion of Ukraine. We should revisit our recommendation on Uranium from December 2020

Nuclear will sooner or later be accepted as one of the most stable "clean energy" sources of power in the green energy transition. Unlike solar, wind, and hydro, the world has figured out those renewable energy sources aren't as reliable as previously thought. Nuclear will be a big winner as the world races to decarbonize power grids. 


By Zerohedge.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News