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October 31, 2014

Japan's post-Fukushima green boom fizzles

  • The green boom is turning into a fiasco as the cost proves prohibitive and utilities prepare to put some nuclear reactors back online.
    • By YURI KAGEYAMA
    AP Business Writer

    TOKYO — Like other Japanese who were banking on this country's sweeping move toward clean energy, Junichi Oba is angry.

    Oba, a consultant, had hoped to supplement his future retirement income in a guilt-free way and invested $200,000 in a 50 kilowatt solar-panel facility, set up earlier this year in a former rice paddy near his home in southwestern Japan.


     
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