Nuclear Power and Fukushima Finances 2

Kakuei Tanaka and Money for Nuclear Power Plant Localities


In the Fall of 1972, then Fukushima Governor Kimura Morie approached Prime Minister Tanaka Kakuei with a request. Fukushima Daiichi Nuclear Reactor No 1 had been operating for two years, but the only income to its host locality was property taxes, a source of funds that would decline as the plant depreciated. To Governor Kimura, this was unfair. Prefectures and localities in which the plant's electricity was consumed reaped taxes on this consumption.