INTERNATIONAL. Japan’s Nuclear and Industrial Safety Agency (NISA) said March 12 that the explosion at the Fukushima Daiichi No. 1 nuclear plant could only have been caused by a meltdown of the reactor core, Japanese daily Nikkei reported.
This statement seemed somewhat at odds with Japanese Chief Cabinet Secretary Yukio Edano’s comments earlier March 12, in which he said “the walls of the building containing the reactor were destroyed, meaning that the metal container encasing the reactor did not explode.”
NISA’s statement is significant because it is the government agency that reports to the Agency for Natural Resources and Energy within the Ministry of Economy, Trade and Industry.
NISA works in conjunction with the Atomic Energy Commission. Its role is to provide oversight to the industry and is responsible for signing off construction of new plants, among other things. It has been criticized for approving nuclear plants on geological fault lines and for an alleged conflict of interest in regulating the nuclear sector. It was NISA that issued the order for the opening of the valve to release pressure — and thus allegedly some radiation — from the Fukushima power plant.
NISA has also overseen the entire government response to the nuclear reactor problems following the Tohoku earthquake and tsunami. It is difficult to determine at this point whether the NISA statement is accurate, as the Nikkei report has not been corroborated by others. It is also not clear from the context whether NISA is stating the conclusions of an official assessment or simply making a statement.
However, the Tokyo Electric Power Co. (TEPCO), the operator of the Fukushima nuclear plant, also said that although it had relieved pressure, nevertheless some nuclear fuel had melted and further action was necessary to contain the pressure.
If this report is accurate, it would not be the first time statements by NISA and Edano have diverged. When Edano earlier claimed that radiation levels had fallen at the site after the depressurization efforts, NISA claimed they had risen due to the release of radioactive vapors.
This article is republished with permission from STRATFOR.
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date:Posted: September 18, 2014
INTERNATIONAL. We have entered a new chapter in the history of central banking. This paradigm shift changes the policy tools that have traditionally defined the sphere of macroeconomic decision-making; We have built an economy that is now so leveraged that it needs zero percent interest rates just to tread water.