8 Years On: Project to Create New Industries in Fukushima Facing Delay

Economy Politics

Minamisoma, Fukushima Pref., March 10 (Jiji Press)--A national project to create new industries in Fukushima Prefecture, northeastern Japan, has been facing a delay despite expectations for contributions to the recovery of the regional economy hit hard by the nuclear disaster that occurred eight years ago.

The project, named Fukushima Innovation Coast Concept, was launched in full swing in 2014 in the aftermath of the March 2011 earthquake, tsunami and nuclear disaster. It is designed to make the prefecture a base for cutting-edge technologies and industries.

Prime Minister Shinzo Abe regards the project as a key to reconstructing the prefecture, home to Tokyo Electric Power Company Holdings Inc.'s <9501> crippled Fukushima No. 1 nuclear plant.

But the project is not going smoothly. Its detailed goals have yet to be worked out, while there are no estimates yet on its economic effects. The delay is illustrating a gap between ideal and reality.

"The project covers a wide range of fields and involves new challenges," a prefectural official said, explaining about the delay.

[Copyright The Jiji Press, Ltd.]

Jiji Press