Using more nuclear power would help ease weak yen impact: minister

Japan Today | Oct 18, 2022 at 11:33 PM
  • Restarting nuclear reactors would help ease the impact of a weak yen on the Japanese economy by reducing fuel imports for power generation, the industry minister said Tuesday.
  • The yen has been under pressure recently, hitting a 32-year low against the dollar as the U.S. central bank keeps raising interest rates while the Bank of Japan leaves rates extremely low.
  • Most of the country’s nuclear reactors have remained offline since the 2011 nuclear disaster in Fukushima Prefecture triggered by the massive earthquake and tsunami in northeastern Japan.