Japan’s Yukio Edano denies Tepco bailout claim

Japan’s trade minister Yukio Edano has denied reports that troubled nuclear firm Tepco is about to receive a huge government bailout.

Mr Edano said Tepco, which runs the crippled Fukushima nuclear plant, had made no requests for public money.

Reports said the government would buy about 1tn yen ($12.9bn; £8.2bn) of Tepco shares next year – which would in effect nationalise the firm.

Tepco shares plummeted on Thursday, ending the day down more than 11%

Read the rest of the story: Japan’s Yukio Edano rebuffs Tepco bailout claim.

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