Energy costs to remain high despite nuclear restart

A reshuffle at the nuclear energy watchdog has paved the way for the restart of atomic reactors in Japan. But the economic benefits of this change should not be overplayed. Only around a third of the country's nuclear capacity is likely to resume operations in coming months. In that case, electricity prices may only fall by around 5% and the current account deficit may only shrink marginally as a result of lower fuel imports.