Yomiuri reports that the Japanese government may buy a stake in TEPCO, operator of the crippled nuclear power plants in Fukushima. They would then replace ineffectual management, Yomiuri says.
The Japanese government is probably gonna end up footing the bill anyway…
Looks like we’re back to the bad old days when bad news for Japan is good for the JPY…USD/JPY trades at 80.33.
