According to an announcement by the Japanese government on 5 August regarding compensation for damage resulting from the Fukushima nuclear accident, victims will receive a total of approximately US$38 billion.
Managing Partner
V&T Law Firm
This includes compensation for economic losses and damage to health due to the government’s failure to order an evacuation; economic losses caused by the government-imposed embargo on agricultural, forestry and fisheries products from the area; the beef and other agricultural, forestry and fish products that could not be sold due to widespread rumours about radioactive contamination; damage to tourism, services, manufacturing and exports due to the panic about nuclear radiation; and the harm from radiation suffered by staff who took part in relief and reconstruction work.
Through the newly established Nuclear Damage Compensation Facilitation Agency, the government will also provide financial assistance to the Tokyo Electric Power Company (TEPCO), the body responsible for compensation for the accident.
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Wang Jihong is the managing partner of V&T Law Firm. She practises in the field of infrastructure development
Shi Jie is a partner at V&T Law Firm
