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Japan nuclear stocks lukewarm after Tokyo governor denies parliament run via Financial Times

Japanese nuclear power companies were making only minor gains on Tuesday after the Tokyo governor who has called for phasing out nuclear energy by 2030 said she was “100 per cent” not running in the upcoming election.

Kansai Electric and Kyushu Electric were up just 0.6 per cent, while Tokyo Electric was up just 0.2 per cent and Chugoku Electric Power was off 0.1 per cent

Those same stocks had fallen around 5 per cent in response to Tokyo governor Yuriko Koike, whose Party of Hope will challenge prime minister Shinzo Abe’s Liberal Democratic Party in the upcoming snap election, declaring her support for phasing out nuclear energy by 2030.

Ms Koike, a conservative nationalist, stepped into the national spotlight in late September when Japan’s main opposition Democratic party, which governed from 2009 to 2012, said all of its members would instead seek nominations from her Party of Hope in the October 22 general election called by Mr Abe. If she does not stand, her party will likely struggle to explain who would be prime minister if it won.

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