Tokyo Electric Power didn't act on known safety issues before tsunami

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TEPCO knew of the safety issues yet failed to act. They "feared the political, economic and legal consequences of implementing them." [Why Tokyo Electric Power didn't act on safety issues before tsunami].

But here is the crux of the matter: "Investigative reports compiled by the government and the parliament panels said collusion between the company and government regulators allowed lax supervision and allowed TEPCO to continue lagging behind in safety steps."
The government shares the blame for the failure to institute safety improvements. They rolled the dice and its citizens paid the price. Fortunately, the world seems to have escaped any significant damage.