Japan cabinet agrees TEPCO support bill

TOKYO - Japan's cabinet on Tuesday approved a bill to help embattled Tokyo Electric Power Co (TEPCO) compensate tens of thousands affected by the crisis at the Fukushima Daiichi nuclear plant, as shares in the company soared in Tokyo.

The support bill, which is yet to be approved by parliament, will see the creation of a body to handle claims made against TEPCO and will be funded by public money as well as contributions from power companies.

Shares in the utility closed limit up, rising 25.12 percent to 249 yen ($3.1) on Tuesday, after the stock recently plunged to all time lows amid worries the firm would be forced to de-list from the stock exchange.