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Economy

Japan to scrap 5 more nuclear reactors

String of facilities approaching maximum life span

Workers take apart a pump at Chubu Electric Power's Hamaoka nuclear plant.

TOKYO -- Five nuclear reactors in Japan were approved for decommissioning on Wednesday, pushing utilities and other companies to join hands to tackle both the great business opportunities and daunting technical problems involved with the process.

Two reactors at Kansai Electric Power's Mihama plant, as well as one each at Japan Atomic Power's Tsuruga plant, Chugoku Electric Power's Shimane plant and Kyushu Electric Power's Genkai facility received the green light from Japan's Nuclear Regulation Authority. The safety updates needed to keep them running beyond their mandated 40-year life span were deemed too costly.

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