Shares in Tokyo Electric Power (9501.T) fell 8 percent on Monday after an anti-nuclear candidate won an upset victory in a Japanese regional election, in a blow to its attempts to restart the world’s biggest atomic power station and a challenge to the government’s energy policy.

The election of Ryuichi Yoneyama, 49, a doctor-lawyer who has never held office, is a setback for Prime Minister Shinzo Abe’s energy policy, which relies on rebooting reactors that once met about 30 percent of the nation’s needs. All but two are shut down in the wake of the 2011 Fukushima nuclear disaster. Continue Reading.