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11 June 2008 - Japan said it would help build nuclear power plants in the United States, sensing opportunities for Japanese companies.
"We reaffirmed our commitment to promoting bilateral nuclear energy cooperation," said a joint statement after talks by Japan's Economy, Trade and Industry Minister Akira Amari and US Secretary of Energy Samuel Bodman.
Energy ministers from the world's two largest economies said in the statement they intended to "consult on potential financing support measures that would facilitate nuclear power plant construction in the United States."
Nuclear power has come under renewed spotlight amid record-setting oil price rises, with the United States building new nuclear power plants for the first time in 30 years.
There are plans to build more than 30 nuclear power plants in the country, raising the need for funding, a Japanese statement noted.
"It is highly possible that Japanese companies will take part in many projects in the US market, the world's largest," it said.
"If we make progress in policy cooperation with the United States regarding financial support, Japan's nuclear power industry will be able to make a leap in overseas operations," it said.
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