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Since the start of the Fukushima No. 1 nuclear plant crisis, debate has raged over whether the government should have Tokyo Electric Power Co. go bankrupt.

Even though the financial crises facing Tepco are far greater than those Japan Airlines Co. faced, one question that crops up is why the state won’t let Tepco fail like JAL did in 2010, after which the government stepped in and restructured the carrier.

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