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Masataka Shimizu Eugene Hoshiko/AP/Press Association Images

TEPCO chief urged to step down following nuclear crisis at Japanese plant

The Tokyo Electric Power Company chief has overseen a dramatic fall in the company’s share price.

THE PRESIDENT OF Tokyo’s Electric Power Company is being urged to step down as the crisis at the country’s nuclear power plant in Fukushima continues.

Masataka Shimizu has overseen the utility company’s  share price tumble by 67%, according to Bloomberg.

Much of that has come in the last two weeks as Japan struggles to deal with the stricken reactors at the Fukushima plant following the devastating earthquake and tsunami that hit the country’s east coast on 11 March.

Since the disaster $29 billion has been wiped off the company’s market value with Shimizu making no public appearances since 13 March, instead focusing on leading TEPCO’s resp0nse to the incident according to a spokesperson.

He also recently became ill during the crisis, according to The Straits Times, and took  time off before returning to work.

Elsewhere, the country’s president Naoto Kan is described by political analysts in the country as having done an ‘adequate’ job in overseeing the crisis.

His poll approval ratings have jumped by 8 per cent since the catastrophe. Prior to 11 March they were below 20 per cent, according to AP.

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