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TEPCO asks for $12 bn capital injection

The operator of the Fukushima nuclear plant on Thursday asked the Japanese government for a capital injection of $12 billion in a bid to avoid insolvency. Tokyo Electric Power (TEPCO) officially requested one trillion yen, because it is in a “very serious financial condition,” President Toshio Nishizawa told a news conference. The firm separately asked a state-backed entity…

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