DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/s7k67f/japan_power_report) has announced the addition of the "Japan Power Report 2012" report to their offering.
BMI View: At the time of writing the energy and macroeconomic dilemmas facing Japan are getting starker each day, with public opinion over nuclear power remaining hostile, despite the country's fuel import costs soaring as nuclear generation dwindles to become non-existent. Compelling macroeconomic arguments dictate that the country speeds up the process of safety checks put in place after March 2011's Fukushima disaster; however, it remains to be seen whether the Japanese government is prepared to take the political heat from restarting nuclear plants.
BMI believes that pressures from the industry and economic concerns will prevail. However, we expect that it will take a while longer for any nuclear plant to resume generating, with the crisis and the damage inflicted on Japan likely to drag on for at least part of 2012's summer.
Following the Great East Japan Earthquake and the tragic accident at the Fukushima Daiichi plant in 2011, BMI had anticipated two things: that Japan's industrial activity and economic performance would contain electricity demand; and that the loss of a substantial share of nuclear generation would force Japan to increasingly rely on costly imports of LNG and oil. Data from the Federation of Electric Power Companies of Japan (FEPC) and Japan National Statistical Agency fully confirm these views. BMI also highlights that the negative sentiment towards nuclear power generation is unlikely to improve in the near term, which is a view confirmed by developments:
- Since 2011's Fukushima Daiichi accident, all of Japan's nuclear reactors have been undergoing two-phase stress tests to determine whether the plants can withstand large earthquakes and tsunamis. So far, the process of safety checks put in place after Fukushima has been progressing painfully slowly, with only two reactors having completed first-stage stress tests, and none having been submitted for the second-stage test.
Business Monitor International's Japan Power Report provides industry professionals and strategists, corporate analysts, power associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Japan's power industry.
Companies Mentioned
- TEPCO
For more information visit http://www.researchandmarkets.com/research/s7k67f/japan_power_report