Published time: August 27, 2014 12:42
The tragedy at the Fukushima nuclear plant will cost 11.08 trillion yen ($105 billion), twice as much as Japanese authorities predicted at the end of 2011, says the study. The expenses include radiation clean-up and compensation to residents.
The research was led by Kenichi Oshima, environmental economics professor at Ritsumeikan University, and Masafumi Yokemoto, professor of environment policy at Osaka City University. They calculated the costs based on the data released by the Tokyo Electric Power Company (TEPCO).
The figures of the research say that the expenses will include 4.91 trillion yen ($47 billion) for compensation to residents in the affected area of the crippled Fukushima Daiichi nuclear plant, reports Kyodo news.