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Disasters Japan to Compensate Nuclear Victims Japan Ministry of Defense / Kyodo / Landov

Japan to Compensate Nuclear Victims

Japanese citizens who have lived away from their homes for months due to the Fukushima Daiichi nuclear crisis will at least receive compensation: The Japanese cabinet has approved a compensation package that could reach $124 billion, paid out to tens of thousands of people. The government will set up a fund and issue a special bond so that Fukushima Daiichi’s operator, Tepco, can pay compensation. Tepco would, over an unspecified number of years, repay the government in full.

June 14, 2011 6:18 AM