The release of the water, which has been filtered to reduce radioactivity, is likely to start in 2022 at the earliest, said national dailies the Nikkei, the Yomiuri and other local media.
A formal decision is expected to be made within this month, the reports said.
The decision ends years of debate over how to dispose of the liquid that includes water used to cool the power station hit by a massive tsunami in 2011.
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