Revealed: “Refrain from saying things that may weaken Tepco” -Prime Minister Noda in March 2011

Published: April 16th, 2012 at 2:55 am ET
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April 15 Asahi article translated by EXSKF:

It has been revealed that Yoshihiko Noda, then-Minister of Finance, worried about the rapid decline of TEPCO’s share price, said “I want you to refrain from saying things that may weaken (TEPCO)” during the meeting of the nuclear disaster response headquarters on the night of March 31, 2011. The Nuclear and Industrial Safety Agency under the Ministry of Economy, Trade and Industry disclosed multiple memos of the meeting at the information disclosure request from Asahi Shinbun on April 13. [...]Taking the disclosed memos together, Noda as the Minister of Finance told the meeting participants, “If the nationalization of TEPCO is in the news, the share price will hit the stop limit. Of 600,000 shareholders of TEPCO, 590,000 are individual investors and the impact on the economy will be large. I want you to refrain from saying things that may weaken TEPCO”, restraining others from criticizing TEPCO. [...]

Here’s what Asahi’s English-language ‘AJW’ reported the same day:

The administration of Prime Minister Yoshihiko Noda wants to throw the switch on idled nuclear reactors in Oi, Fukui Prefecture, a change from his predecessor of reducing the nation’s dependence on nuclear energy.

That departure is best symbolized in the actions of Yukio Edano, the economy, trade and industry minister who oversees the nuclear energy industry. [...]

During his meeting with Fukui Governor Issei Nishikawa, Edano said, “When we think about the current situation faced by Japanese society and the economy, there will be a need to utilize nuclear energy, which has provided electricity as a main power source until now, as an important power source in the future.”

Published: April 16th, 2012 at 2:55 am ET
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9 comments to Revealed: “Refrain from saying things that may weaken Tepco” -Prime Minister Noda in March 2011

  • c

    Controversial Fukushima Film "Surviving Japan" to play in Tokyo

    The foreign made Fukushima disaster documentary "Surviving Japan" will play in Tokyo at the end of this month on April 29th at 6:30pm JST and 30th at 13:30, 17:30 at Genki Municipal Museum Shinjuku, just a short walk to Tokyo Government City Hall. "The Government wanted to keep it out of the media so we will bring the story to the Government, since it seems they have forgotten." – Anonymous Event Organizer Information for the showing in Japanese is as follows; サヴァイヴィング・ジャパン Surviving Japan 上映会 上映時間は約90分。29日は18:30~のみ、30日
    は13:30, 17:30。各上映の後に、大目に時間をとってあるので、何でもいいから、話しましょう。各回定員30名です。一応。料金はカンパで被災地に寄付します。


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  • dear jones

    should check who is the first sale all their share


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  • PhilipUpNorth philipupnorth

    Prime Minister Yoshihiko Noda had as a priority the preservation of TEPCO shareholder value. This is the first shoe to drop. The second piece of evidence that must now be found against Noda will be the revalation that he led the government to lie to the people about the danger, that he knew as Building3 blew up that Tokyo had to evacuate immediately, but did nothing in order to protect TEPCO. That Noda knowingly sacrificed the lives of 7,000,000 Japanese citizens to protect a corporation is the truth of the situation. Noda must be held responsible for his criminal support of TEPCO while sacrificing the health of the people.


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    • markww markww

      Philip you said it all to protect TEPCO is like TREASON against the people. Tepco is a UNSAFE DISHONEST COMPANY RUN BY DISHONEST PEOPLE

      TEPCO HEAR THIS ATTENTION TEPCO- YOU WANT TO BUILD A NUCLEAR FACILITY IN PORT LAVACA TEXAS I WILL SPEAK AND DO EVERYTHING I CAN FROM MY HEART TO STOP COMPANIES LIKE YOU FROM TRYING TO BUILD UNSAFE COMPANIES IN OTHER COUNTRIES. I WILL WRITE SPEAK AND EVEV PROTEST IF I HAVE TOO. NO TEPCO NO NUKE ON THE TEXAS COASTLINE AND I KNOW YOU WILL DUMP YOUR GREEDY MONEY IN POCKETS OF PEOPLE TO LET YOU BUILD… MARK


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  • takedake

    In March 2011 Naoto Kan was Prime Minister, Noda was Finance Minister, as the quote says.


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  • PhilipUpNorth philipupnorth

    Markww 100%. :) . TEPCO is finished as a company, and will soon be nationalized. Their new loans are contingent on being able to restart nukes. Public outcry will keep this from happening, and may even bring down current PM and Japanese government. As reported here, TEPCO continues to operate without insurance, risking it all to stay in business just one more day. But their time is short, and the death of the corporation inevitable. When TEPCO fails, I hope not one of their criminal shareholders or bondholders get so much as one yen of their investment back! (Anyone who profits on the destruction of Planet Earth by investing in nuke utilities is a criminal.) NO NUKES. NOWHERE! NO WAY! SHUT ALL NUKES DOWN NOW!


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  • PhilipUpNorth philipupnorth

    takedake, you are so right. Yoshihiko Noda became PM on 9/2/2011. Naoto Kan was PM when Building3 blew. Many thanks!

    Kan turned somewhat anti-nuke as the Fuku situation continued to unravel in the summer of 2011, saying "[|] declare the need for Japan to end its reliance on atomic power and promote renewable sources of energy such as solar…" http://en.wikipedia.org/wiki/Naoto_Kan Better late than never. Nevertheless, both Kan and Noda may yet be held responsible for sacrificing Tokyo to save TEPCO.


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  • CaptD CaptD

    Anyone have access to someone that can track Japanese stocks and tell US who sold how many shares of TEPCO AFTER 3/11/11…

    That wil show who bailed out.
    … While at the same time, the Gov't. was urging folks to HOLD TEPCO.

    +
    RE: "Of 600,000 shareholders of TEPCO, 590,000 are individual investors "
    Remember of those remaining 10,000 shareholders, they include ALL the major POWERFUL investors of TEPCO…


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    • CaptD CaptD

      More on Noda's role to protect TEPCO, no wonder he is now PM…

      Revealed: “Refrain from saying things that may weaken Tepco” -Prime Minister Noda in March 2011

      The NUCLEAR FIX HAS BEEN IN SINCE 3/11/11


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