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RE: LeoThread 2025-11-02 14-20

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This arrangement creates a hybrid model, blending market incentives with strategic state intervention. If Westinghouse meets the investment thresholds and completes these projects, the government can even compel an IPO and potentially acquire a 20% equity share, implying a form of partial state ownership in the company. This approach marks a notable departure from traditional private-sector-led nuclear development, leaning toward a form of industrial policy reminiscent of a 'mega socialist' strategy—government orchestrating industry growth while still leveraging private capital and expertise.

Financing from Abroad: Japan’s Expanding Role