iBankCoin
Joined Nov 11, 2007
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Japan Idles Last Nuclear Reactor, Blackouts Predicted This Summer

Tokyo (CNN) — As Japan began its workweek Monday morning, the trains ran exactly on time, the elevators in thousands of Tokyo high rises efficiently moved between floors, and the lights turned on across cities with nary a glitch.

What makes this Monday so remarkable is that for the first time in four decades, none of the energy on this working day is derived from a nuclear reactor.

Over the weekend, Japan’s last remaining nuclear reactor shut down for regular maintenance. In the wake of the Fukushima nuclear disaster, reactors have not been allowed back on. Japan is now the first major economy to see the modern era without nuclear power.

Prior to the Fukushima disaster, Japan relied on nuclear for approximately 30% of its energy. As reactors have come off-line, the country has increased its imports of fossil fuels.

Japan’s government predicts it won’t be able to keep up that pace, and the void will result in an energy crunch this summer, possibly leading to rolling blackouts.

The national government’s ruling party, the Democratic Party of Japan, has been urging local communities to allow reactors to return to operation.

The DPJ’s deputy policy chief, Yoshito Sengoku, bluntly said without nuclear energy the world’s third largest economy would suffer. “We must think ahead to the impact on Japan’s economy and people’s lives, if all nuclear reactors are stopped. Japan could, in some sense, be committing mass suicide,” said Sengoku.

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