Japan has signed off on a major reversal of its nuclear energy policy amid concerns about stable energy supplies caused by Russia’s invasion of Ukraine, which has disrupted commodity markets and pushed up energy prices.
After the 2011 nuclear disaster in northeastern Japan forced the government to reduce its reliance on nuclear power, lawmakers and officials chose not to build new reactors, citing public safety concerns and falling costs of renewable energy.
But concerns over the disaster centered on the Fukushima No. 1 nuclear power plant appear to have been overshadowed by rising commodity prices driven by the Ukraine crisis and instability in a pandemic-hit global economy.
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