September 15, 2011

Japan's Power Monopolies Raise Costs & Stifle Innovation

The Economist, The Economist


AP Photo

THE corridors were dark, the air uncomfortably hot. The lights at the headquarters of the Tokyo Electric Power Company (TEPCO) were largely switched off; the air-conditioners were turned down. Even the chief executive, Toshio Nishizawa, had removed his tie for an interview on September 5th. In normal times, that would be a glaring breach of Japanese corporate etiquette, but these are not normal times. . .

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TAGGED: nuclear energy, Japanese energy policy, TEPCO, the Economist

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