The word “nuclear” has a lot more power in Japan than it does elsewhere.
Tokyo Electric Power, or TEPCO as it is better known, has just won approval to re-start two reactors at the world’s largest nuclear power plant. Its shares got a jolt of 3% at that announcement.
Nuclear-linked stocks will be worth watching as the company pushes on with that attempt. TEPCO is, after all, the company that responded so badly to the disaster at the Fukushima Dai-Ichi power plant in 2011.
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