The devastating crisis in Japan has again spurred debate over the safety of nuclear power plants-and whether Japan's economy can recover. The questions aren't unrelated. Japan lost 10% of its power and will have to spend billions to replace it, and yet billions more to rebuild. Japan's sluggish economy was already reeling under massive amounts of public debt But the good news is that Japan has plenty of foreign assets to turn to. Globally, the nuclear industry will be under pressure to add more fail-safes to. old reactors and prove the infallibility of new ones. Even China says it will slow plans to add 27 reactors to the 13 it has.
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