SHORTER CIRCUITS: Japan's government has approved a proposal to revamp its troubled electricity industry and foster more competition by splitting power generation and distribution into separate businesses.
TSUNAMI SHOCK: The plan is meant to modernize the power grid following the shut-down of almost all nuclear power plants after the March 2011 tsunami disaster.
PM'S PLUG: First proposed years earlier, the plan was included in a slew of economic reforms discussed by Prime Minister Shinzo Abe's administration that are intended to improve Japan's competitiveness.
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