Japan's government approved a plan to help Tokyo Electric Power Co compensate victims of the crisis at its tsunami-crippled nuclear plant and save Asia's largest utility from financial ruin.
COMMENTARY
YUUKI SAKURAI, CEO & PRESIDENT, FUKOKU CAPITAL MANAGEMENT
"From the perspective of shareholders of utilities' stocks, more unclear factors have emerged after the announcement. It's difficult to gauge what is the fair value of their shares also because we don't know that the government won't intervene in their nuclear power plants, as it did with the Hamaoka plant, putting more pressure on their revenues."
"It is probably due to this uncertainty about the future that utilities' stocks are being sold off today."
"From the market's perspective, even though saving Tepco from bankruptcy is a positive thing, more uncertain factors have emerged."
TAKESHI MINAMI, CHIEF ECONOMIST, NORINCHUKIN RESEARCH INSTITUTE, TOKYO
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