Japanese national government devotes mere $500 million to radioactive "soggy mess" at Fukushima Daiichi

NRC Chairwoman Macfarlane and NRA Chairman Tanaka, Japan, Dec. 2012.As reported by the Washington Post, Japanese Prime Minister Shizo Abe has pledged a mere $500 million towards stabilizing the leakage of highly radioactive water into the ground and ocean at the wrecked Fukushima Daiichi nuclear power plant site.

Critics regard such a small amount as "chicken feed" or "chump change."

As pointed out by Fairewinds Associates, Inc.'s Chief Engineer, Arnie Gundersen, "clean-up" and decommissioning of the Fukushima Daiichi site itself will likely cost around $100 billion, while "clean-up" of contaminated regions of Fukushima Prefecture and adjacent prefectures could easily cost an additional $400 billion. So, Abe's pledge of half a billion dollars is very small, compared to that half a trillion dollar price tag!

As the article reports:

'...Last month, Tepco admitted that one storage drum had sprung a leak. Spiking radiation levels around the tanks have raised fears that others could be leaking as well. But it is hard to tell: Water levels in the tanks have not been measured on a regular basis, said Shunichi Tanaka, chairman of the Nuclear Regulation Authority, at a news conference Monday.

“We believe that management of and monitoring of tanks represents a serious problem,” Tanaka said, adding that regulators have given Tepco “strict instructions” to strengthen its oversight...'.

Tanaka (pictured, above left with U.S. NRC Chairman Allison Macfarlane exchanging documents after a signing ceremony with her counterpart at the newly established Japan Nuclear Regulation Authority in Japan in December, 2012; the documents established, among other activities, a joint steering committee between the two regulatory agencies) recently compared the situation at Fukushima Daiichi to a "house of horrors."