Nuclear disaster chapter closes in Japan

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One of the globe's most severe nuclear disasters has come to a close, according to the prime minister of Japan.

The New York Times reports Yoshihiko Noda told a televised audience that laborers at the Fukushima Daiichi Nuclear Plant have assumed control over the plant's reactors, which were crippled during the March 11 earthquake and subsequent tsunami. The plant's radiation leak was the world's worst nuclear disaster since the 1986 Chernobyl nuclear disaster.

"Today, we have reached a great milestone," the prime minister told a national audience, according to The Times. "The reactors are stable, which should resolve one big cause of concern for us all."

The news is certainly welcome to Toyota ( TM ) and Honda ( HMC ), both of which are continuing to recover from damages to supplies and supply lines, according to The Detroit Free Press. Problems with Toyota are especially pronounced given its issues with recalls in 2010.

Some evacuees are set to return to the region they left and the government is working on the removal of fuel from the Fukushima Daiichi site, according to The Times. Workers will open the reactors and dissemble the plant during the next forty years, the leader said.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , Business , Economy , International

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