Japan government takes aim at electricity monopolies




 
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May 15th, 2013  
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Topic: Japan government takes aim at electricity monopolies


By Aaron Sheldrick and Risa Maeda TOKYO (Reuters) - Japan is embarking on its most ambitious attempt at electricity industry reform since 1951, with Prime Minister Shinzo Abe well-positioned for victory in a battle to break up powerful regional monopolies that is seen as a test of his political agenda. The time is ripe for the government's push to reduce some of the highest electricity costs in the world by opening up the market for competition, with energy companies' public image battered in the wake of the Fukushima nuclear crisis. ...




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