Japan has two laws governing nuclear third party liability: the Law on Compensation for Nuclear Damage and Law on Contract for Liability Insurance for Nuclear Damage. These laws say that plant operator liability is exclusive and absolute, and power plant operators must provide a financial security amount of JPY 120 billion (US$ 1.4 billion).
The government may relieve the operator of liability if it determines that damage results from “a grave natural disaster of an exceptional character”. In any case, however, liability is unlimited.
Judging that the Fukushima accident was a man-made disaster（to be precise, TEPCO asked the Government to postpone the legal decision of the applicability of the relief clause related with a grave natural disaster to expedite the damage compensation), the government set up Nuclear Damage Liability Facilitation Fund; a new state-backed institution to expedite payments to those affected.
The Fund is to receive financial contributions from electric power companies with nuclear power plants in Japan, and from the government through special bonds that can be cashed whenever necessary. The government bonds total JPY 5 trillion ($62 billion).
They have not yet completed a Probabilistic Risk Assessment (PRA) of their plants that takes into consideration of the tsunami hazard curve (relation between tsunami height and its return period), however, as they have not yet obtained a reliable estimation of it for their plants.
Therefore they may be forced to accept a high risk premium for nuclear power generation in the discussion of desirable energy supply mix in the future.
The regulators and operators should work hard for restoring the public trust in their activities, as number of operating units will dwindle away to nothing by mid-2012 if no reactor restart approvals are given in due time.
- Local Japan official found with shotgun blast to chest – Lectured against nuclear power after Fukushima (enenews.com)
- Technical Lessons Learned from the Fukushima-Daichii Accident (enformable.com)
- New Sono Sion Project Tackles Post-Fukushima Japan – Hollywood Reporter (enformable.com)
- Fairewinds: Fukushima dwarfs Chernobyl – Japanese face tragedy of a magnitude world has never experienced (enenews.com)
- March 14th, 2011 – This is the TBW sequence we’ve all dreaded – Japan still very secretive (enformable.com)
- Environmental impacts of the Fukushima Nuclear Accident (as of December 15, 2011) (enformable.com)
- As Noda Declares Fukushima Accident Over, US Deputy Secretary of State Congratulates, Offers Support in Decontamination (ex-skf.blogspot.com)
- Rah Rah Land Called Fukushima: “Let’s All Feel Safe and Secure in Fukushima” Forums Being Held (ex-skf.blogspot.com)
- #Fukushima I Nuke Plant Trenches Are Full of Contaminated Water, TEPCO Is Finding Out 10 Months After the Accident (ex-skf.blogspot.com)
- Kan Administration Declared the Fukushima Accident Worst-Case Scenario Report “Didn’t Exist” After Reading It (ex-skf.blogspot.com)
- China’s Post-Fukushima Nuclear Vision (enformable.com)
- Japan Professor: “Inconceivable” that no records were kept by gov’t early on in Fukushima crisis – Top official says records will be ‘created’ soon (enenews.com)
- Wall Street Journal: “IAEA Says Japan Alone Should Decide on Reactors” (ex-skf.blogspot.com)
- New Japan contamination map shows Cesium-137 deposited over 900 km from Fukushima… Extends west of Hiroshima (PHOTO) (enenews.com)
- Japan too eager to export nuclear tech despite lack answers about safety (enformable.com)
- German nuclear professor: Fukushima like a mini atomic bomb? Warns against future nuclear explosion (enenews.com)