VENTURE CAPITAL POST

No further damage was sustained by the Fukushima nuclear power plant from the earthquake that hit Japan's coast on Saturday.

Japanese authorities said the cleanup of the Fukushima nuclear plant would not be completed next year as originally scheduled.

The government of Japan proposed today its JPY47 billion or USD473 million 'ice wall' project in the hopes of stopping the leakage of radioactive water from the Fukushima nuclear plant.

The Japanese government said it would use public funds to deal with the radioactive water emanating from the Fukushima nuclear plant as Tepco appeared overwhelmed by the problem.