Japan has nuclear liability caps much higher than those in Canada. Under the Law on Compensation for Nuclear Damage, plant operator liability is exclusive and absolute, and power plant operators must provide a ‘financial security amount’ of ¥120 billion ($1.2 billion), 16 times the Canadian limit. (This limit was doubled January 1, 2010.) Beyond that, the government provides coverage, and liability is unlimited. However, the deadline for having insurance for this amount does not come until 2019. More details at World Nuclear News.
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24 Nov 2023
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