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Business trends

Japan risks losing nuclear prowess with Turkey project abort

Plans to pursue overseas opportunities stall as safety costs tower

The 2011 Fukushima disaster sill looms large over Japan's nuclear industry, which has seen rising safety costs undermine its ability to compete for overseas projects.   © Reuters

TOKYO -- The demise of a Japanese-led public nuclear power project in Turkey underscores the predicament faced by Japanese reactor builders, as orders dry up overseas on top of a long drought at home. 

"We cannot accept this," a Turkish government official told representatives from Mitsubishi Heavy Industries, when presented with an estimate of costs of the project in March.

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