After fading in and out of recession for more than a decade, Japan is no
longer the economic giant it once was, but at least gadget-happy
Japanese could distract themselves with their country's never-ending
supply of electronic gizmos. Now even that diversion may be slipping
away. A safety scandal has forced the shutdown of 17 nuclear-power
plants, raising the odds of widespread electrical blackouts this summer
in the Japanese capital. Tokyo Electric Power Co. (TEPCO) warns that the
city's 12 million residents may be hard-pressed to run air-conditioners,
recharge cell phones and take their minds off chronic economic doldrums
with their PlayStations.
A familiar villain Japanese corporate malfeasance is to blame. Last August, TEPCO admitted that it had falsified plant-safety reports, raising doubts about the company's entire reactor system. TEPCO has been trying to rebuild public trust with a PR blitz, but the utility is its own worst enemy last week inspectors were again caught violating safety rules in the rush to restart service.
Kazuya Fujime, managing director of the Tokyo-based Institute of Energy
Economics, says a 24-hour outage would cost the city billions. But there
is an upside this could be a good way to counter Japan's plunging
birthrate. After all, New York had a baby boom nine months after its
famed blackout of 1977. Take away their TV, Internet and video games,
and Tokyo residents might amuse themselves in more traditional ways. ![]()