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News Summary: Japan moves to revamp power sector

Published on NewsOK Modified: April 2, 2013 at 12:22 pm •  Published: April 2, 2013
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SHORTER CIRCUITS: Japan's government has approved a proposal to revamp its troubled electricity industry and foster more competition by splitting power generation and distribution into separate businesses.

TSUNAMI SHOCK: The plan is meant to modernize the power grid following the shut-down of almost all nuclear power plants after the March 2011 tsunami disaster.

PM'S PLUG: First proposed years earlier, the plan was included in a slew of economic reforms discussed by Prime Minister Shinzo Abe's administration that are intended to improve Japan's competitiveness.