TEPCO To Pay Town’s Residents Full Compensation
The notion of total compensation may not be a totally accurate term. 39 households will by payed a total of 20 million USD in a settlement with TEPCO. This averages out to 512,820 USD per household. The town of Kawamata was not designated one of the no return zones but factors that would make it hard for anyone to return any time soon compelled TEPCO to consider the properties a full loss. Arbitrators arranged the deal.
It was not mentioned if evacuees payments would be deducted from these amounts. These amounts would also likely include any relocation costs reimbursement and suffering. Based on a review of average home prices in Japan this amount may or may not cover the cost of a home including land.
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