Snapshot: Japan’s Post-Tsunami Energy Market

Law360, New York (September 5, 2012, 11:15 AM EDT) -- It used to be that Japan’s energy market was not much of a target for energy investors. Unlike most developed countries, the energy sector was not, until recently, deregulated to any degree. For decades, the 10 vertically integrated utilities in Japan have exercised monopoly control over the generation and distribution of electric power in their respective regions.

This arrangement has been overseen by the Ministry of Economy, Trade and Industry (METI), which championed nuclear power as part of the country’s industrial policy, both for purposes of...
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