According to several surveys conducted in Japan, most Japanese are against restoring the country's nuclear industry. That is why the forecasts made by JP Morgan Chase & Co. And other reputable institutions are say that there may well be a delay in the recovery. This is explained by the fact that the current Japanese government becomes too dependant on the Japanese people's standpoint.
With that said, All of the 48 Japanese nuclear reactors were closed to undergo comprehensive check and repairs. Apparently, nuclear power isn't popular in Japan after the nuclear meltdown in Fikushima-1 in 2011 that followed a series of earthquakes and tsunamis. As a result, 160 000 people were evacuated in from the zone of ecological disaster.
At this point the Fukushima meltdown is currently the biggest nuclear disaster after Chernobyl, which took place in 1986. Since then, nuclear power has been abandoned in Japan despite the fact that this used to be one of the biggest power-generating nations in Asia. Still, Abbe and his government do not want any delays.
The Japanese Institute of Energy Economics predicts that the restart of the nuclear industry in Japan is set to improve the economic situation in the country, which is what Abe needs to drag the Japanese economy out of the prolonged stagnation.
Meanwhile, Masterforex-V Academy reports that today, on September 4th, the Japanese Yen keeps losing its value against the US Dollar while USDJPY is going up. At this point, the experts report that the currency pair has hit 104,94. The closest level of resistance is located at 105,43, Masterforex-V Academy reports.
