I Think We Still Have Some Leaks…

That no one wants to talk about … Fukushima radiation levels spike, company says

And I think it could be serious.

Shall we ask the fish??? Out of site, out of mind.

 

Steam Rising Again From Fukushima Reactor

Haven’t heard form the Japanese much of late about this.

As Japan’s infatuation with the great nominal stock market experiment continues, the government wishes nothing more than to put the great Fukushima nuclear disaster in the past, so it can restart its nuclear power plants: the critical, decisive factor if Abenomics has any chance of succeeding, as the country’s economy will never recover if it has to rely on foreign sources of energy. Alas, for the time being this looks improbable and following the latest news out of Fukushima, it may be downright impossible.

 

According to the BBC, the Fukushima nuclear power plant has been emitting steam from its destroyed reactor, confirming that while one can bury radioactive garbage under the rug, it continues to emit gamma rays and is likely to get much worse before it gets better.

From BBC:

Steam has been seen rising from a reactor building at Japan’s Fukushima nuclear plant, its operator says. It says it is investigating what is causing the steam at the damaged No 3 reactor building. The plant, crippled by the earthquake and tsunami in 2011, has seen a series of water leaks and power failures.

Water is being pumped into the reactors to cool them, but that has left Tepco with the problem of storing the contaminated waste water. A worker first noticed the steam after reviewing camera footage taken of the building, Tepco said.

The operator said in a statement there was a “steam-like gas wafting through the air near the central part of the fifth floor [equipment storage pool side]” of the No 3 reactor building.

The reactor water injection and the cooling of the spent fuel pool were “continuing stably”, Tepco said. There were also no significant change in the temperature of the reactor. “We will continue to monitor the status closely,” the statement added.

More…

 

Japan To Hike Utility Prices By 14-19% As Inflation Surges In All The Wrong Places

Ah hope – the only strategy left.

The lamestream press catching :

While the government has raised some concerns about the raising of power rates, the move seems inevitable given the prior deregulation of electricity prices.

Eight of the nation’s nine utilities with nuclear power plants have been posting losses due to the higher cost of buying imported fossil fuels in the wake of the Fukushima nuclear disaster and the subsequent shutting down of reactors amid safety concerns.

And the biggest catalyst for what is set to be a major inflationary spike, but not in discretionary prices, but in staples – the same one every other time:

cash runs out.