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Showing posts with label japan affairs. Show all posts
Showing posts with label japan affairs. Show all posts

BoJ chief sees Japan economy shrinking in H1

 Bank of Japan governor Masaaki Shirakawa said the economy will likely contract in the first half mainly due to stalled production after the quake-tsunami, the Wall Street Journal reported Saturday.

"We are now expecting production and GDP will decline in the first quarter and the second quarter," Shirakawa said in an interview with the paper on Friday.

He said stalled production was the "heart of the problem" facing the Japanese economy in the aftermath of the monster March 11 quake and tsunami disaster which has left 26,455

Japan economy, Toyota feels effect of disaster

 The impact of Japan's earthquake and nuclear crisis rippled through the economy Wednesday, when the government downgraded its outlook and Toyota announced temporary plant shutdowns overseas.

Another strong aftershock from the 9.0-magnitude quake that struck the northeast coast over a month ago hit the disaster region, further fraying nerves amid tense stop-and-go containment efforts at a stricken atomic plant.

Emergency workers at the tsunami-hit Fukushima nuclear site northeast of Tokyo started syphoning off tons of highly

Japanese power Co. apologize on spread of radiation effects

Japanese power Co. apologize on spread of radiation effects

TOKYO: Today is the last day for discharging radioactive water into the sea from the Japanese Fukushima power plant, Geo News reported.

The power company has apologized on the spread of radiation effects, which has sent the neighboring countries worrying over the hazards. Several countries have slapped ban on buying goods and eateries from Japan, which has drawn sharp criticism on

Japan PM expresses regret over radioactive release

Japan should have told its neighbours it was releasing radioactive water into the Pacific Ocean, Prime Minister Naoto Kan said Sunday, after the move raised concern in Seoul and Beijing.

"We should have given firmer explanations," he told reporters while visiting victims of the huge earthquake and tsunami that hit Japan nearly a month ago, knocking out cooling systems at the Fukushima nuclear plant.

The plant's operator, Tokyo Electric Power (TEPCO), is battling to avert a nuclear disaster following a series of explosions and the release of radioactive material into the atmosphere. 

Emergency workers were this week forced to dump more than 10,000

Japan vows to stand by tsunami survivors

 Japanese Prime Minister Naoto Kan pledged Sunday he would "never abandon" survivors of Japan's tsunami as he tried to focus attention on the future, despite a high-stakes battle at a nuclear plant.

Kan, in only his second trip to the disaster zone in the month since the March 11 tragedy, was due to visit survivors to hear directly from victims to help shape policy in the weeks and months ahead, the government said.

He will also call on all Japanese to keep spending, it was reported, as worries mount over the effect of the quake-tsunami on the world's third largest economy.

But with high levels

Japan's 7.1-quake causes radioactive water spill

 A powerful earthquake in northeast Japan rocked a nuclear plant, causing a small amount of radioactive water to spill, officials said Friday, but the operator said there was no immediate danger.

The 7.1-magnitude quake that hit late Thursday caused liquid to overflow from spent fuel pools in all three reactor buildings at the Onagawa plant, the Nuclear and Industrial Safety Agency said.

Most seriously affected was reactor number two, where 3.8 litres from the spent fuel pool ended up on the floor of the operation room.

But operator Tohoku-Electric Power Co. said no radioactive l

US stocks edge down after fresh Japan quake

US stocks fell sharply on news of a fresh earthquake in Japan Thursday, but managed to pare losses as damage appeared to be limited.

The Dow Jones Industrial Average dropped more than 100 points from the day's high shortly after a 7.1-magnitude quake near Japan's east coast prompted fears of further damage to the stricken Fukushima nuclear plant, infrastructure and Japan's manufacturing base.

The area is still recovering from last month's massive earthquake and tsunami and ensuing nuclear crisis.

US shares in Toyota, Nissan, NTT and Sony all fell sharply

Japan reports aftershock casualties

A powerful aftershock rocked Japan's tsunami disaster zone, killing at least four and triggering new concerns over nuclear power plants in a region still grappling with an atomic emergency.

Electricity was cut across a huge area of northern Japan, forcing cooling systems at three nuclear plants to switch to emergency power and plunging more than 3.3 million households into darkness late Thursday night.

At least one back-up supply remained online at all three plants, but the aftershock highlighted the potential risks of nuclear generation in an earthquake zone amid

Japan plugs leak from nuclear plant

Workers at Japan's crippled atomic power plant on Wednesday plugged a hole spewing highly radioactive water into the ocean, boosting efforts to contain the world's worst nuclear disaster since Chernobyl.

But in an illustration of how fragile progress is at the Fukushima plant, operator Tokyo Electric Power said it was concerned a build-up of hydrogen gas at a different reactor could cause another explosion at the site.

The water leak was thought to be a source of spiking radiation levels in the sea, which prompted Japan to announce its first seafood radiation safety standards following the discovery of fish with high levels of contamination

Japan seen heading into recession: survey

The economic fallout from Japan's biggest ever recorded earthquake, a tsunami and a nuclear crisis will push the nation into recession in the coming months, a survey of economists said Tuesday.

The triple disaster has lanced business confidence, reduced exports and discouraged consumer spending, the Nikkei business newspaper said after reviewing analysis from 11 major private economic institutions.

Recovery is not expected until the July-September quarter, the Nikkei said.

On average, the world's number three economy was seen shrinking 0.6 per cent in the January-March quarter from the previous three months, it said

Japan PM

Japan's Prime Minister Naoto Kan on Saturday visited emergency crew who have struggled to stabilise a tsunami-hit nuclear plant that has leaked radiation into the air, ground and ocean.

The visit came as the firm operating the Fukushima power station announced it had discovered a crack in a pit leaking highly radioactive water straight into the sea.

Donning a blue workman's outfit, the prime minister arrived by military helicopter to give a pep talk to the atomic plant workers, firefighters and troops battling to shut down the plant.

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