Junko's Feed
Mar 28, 2011

Japan business lobby gives OK to scrap corp tax cut

TOKYO (Reuters) – Japan’s top business lobby gave the government the green light to scrap a planned cut in the corporate tax rate and urged firms to look at shifting production to western Japan as the nation grapples with its worst crisis since World War Two.

Hiromasa Yonekura, chairman of the Japan Business Federation, said the influential lobby would not fight the government if it decided to shelve a plan to lower the corporate tax rate, which at around 40 percent is among the highest in the industrialized world.

Mar 28, 2011

Japan business lobby head: OK to skip corp tax cut after quake

TOKYO, March 28 (Reuters) – Japan’s government should be
free to scrap a planned cut in the corporate tax rate as it
secures funds for rebuilding after this month’s devastating
earthquake and tsunami, the head of the country’s biggest
business lobby said.

Hiromasa Yonekura, chairman of the Japan Business
Federation, also suggested companies may want to shift
production to western Japan, which was not damaged by the quake
and is not subject to the rolling power cuts that ensued.

Mar 25, 2011

Tokyo Electric likely liable for accident: Japan government

TOKYO (Reuters) – Tokyo Electric Power will be likely be held responsible for damages stemming from a nuclear plant that was crippled by this month’s massive earthquake and tsunami and has been leaking radiation, Japan’s top government spokesman said.

Under Japanese law the operator of a nuclear facility can be granted an exemption from damages caused by a reactor if the accident was deemed to have been triggered by “a grave natural disaster of an exceptional character.”

Mar 25, 2011

Tokyo Electric likely liable for nuclear accident-Japan gov’t

TOKYO, March 25 (Reuters) – Tokyo Electric Power
will be likely be held responsible for damages stemming from a
nuclear plant that was crippled by this month’s massive
earthquake and tsunami and has been leaking radiation, Japan’s
top government spokesman said.

Under Japanese law the operator of a nuclear facility can be
granted an exemption from damages caused by a reactor if the
accident was deemed to have been triggered by “a grave natural
disaster of an exceptional character.”

Mar 21, 2011

WHO warns of “serious” food radiation in disaster-hit Japan

TOKYO (Reuters) – The World Health Organisation said on Monday that radiation in food after an earthquake damaged a Japanese nuclear plant was more serious than previously thought, eclipsing signs of progress in a battle to avert a catastrophic meltdown in the reactors.

Engineers managed to rig power cables to all six reactors at the Fukushima complex, 240 km (150 miles) north of Tokyo, and started a water pump at one of them to reverse the overheating that has triggered the world’s worst nuclear crisis in 25 years.

Mar 21, 2011

Some progress at Japan nuclear reactors

TOKYO (Reuters) – Engineers restored electricity to three reactors at a crippled Japanese nuclear power plant and hope to test water pumps at the quake-damaged facility soon, the first clear signs of progress in tackling the world’s worst atomic crisis in 25 years.

Japan suffered an estimated $250 billion in damage from the earthquake and tsunami on March 11 that left more than 21,000 people dead or missing, while radiation leaks from the Fukushima nuclear plant have caused global alarm.

Mar 21, 2011

Some progress at Japan reactors; U.S. sees turning point

TOKYO, March 21 (Reuters) – Engineers restored electricity
to three reactors at a crippled Japanese nuclear power plant and
hope to test water pumps at the quake-damaged facility soon, the
first clear signs of progress in tackling the world’s worst
atomic crisis in 25 years.

Japan suffered an estimated $250 billion in damage from the
earthquake and tsunami on March 11 that left more than 21,000
people dead or missing, while radiation leaks from the Fukushima
nuclear plant have caused global alarm.

Mar 18, 2011

Takefuji bid deadline pushed back due to quake

TOKYO, March 18 (Reuters) – The final bidding deadline for
the sale of failed Japanese consumer lender Takefuji Corp has
been pushed back to March 31 from March 22 after last week’s
massive earthquake rattled financial markets.

“Considering the impact of the latest earthquake, we have
decided to delay the deadline,” Takefuji said in a statement on
Friday.

Mar 18, 2011

Japan hopes to restore power at two crippled reactors

TOKYO (Reuters) – Japanese engineers raced on Friday to restore a power cable to a crippled nuclear power plant in the hope of restarting pumps desperately needed to pour cold water on overheating fuel rods and avert a catastrophic release of radiation.

Officials could not forecast when the cable might be connected, but said work would stop on Friday morning to allow helicopters and fire trucks to resume pouring water on the Daiichi plant, about 240 km (150 miles) north of Tokyo.

Mar 18, 2011

Japan hopes to restore power at two crippled reactors Friday

TOKYO, March 18 (Reuters) – Japanese engineers raced to
restore a power cable to a quake-ravaged nuclear power plant on
Friday in the hope of restarting pumps needed to pour cold water
on overheating fuel rods and avert a catastrophic release of
radiation.

Officials said they hoped to fix the cable to two reactors
on Friday and to two others by Sunday, but said work would stop
in the morning to allow helicopters and fire trucks to resume
pouring water on the Fukushima Daiichi plant, about 240 km (150
miles) north of Tokyo.