Cash injection for stricken Japanese nuclear plant

Japan has approved a plan to provide 900 billion yen (€8.35bn) in public funds to the operator of a tsunami-hit nuclear power plant.

Japan’s nuclear minister, Goshi Hosono, said the aid is meant to be a preliminary instalment to help the cash-strapped Tokyo Electric Power Co to cover the massive cost of ongoing decontamination and future dismantling of its reactors damaged in the ongoing nuclear crisis.