October 5, 2016 / 4:15 AM / a year ago

Japan's Tepco calls for govt action due to insolvency risk -Jiji

TOKYO, Oct 5 (Reuters) - Tokyo Electric Power Co Holdings President Naomi Hirose said that he had requested the government take “structural” action because there was a risk of insolvency, Jiji news agency reported on Wednesday.

Other Japanese media reported that a new government panel had agreed that management reform at Tepco was necessary at its first meeting earlier in the day.

Shares in Tepco were down 3 percent in afternoon trade.

Reporting by Osamu Tsukimori and Yuka Obayashi; Editing by Edwina Gibbs

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