Junko's Feed
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.

Mar 17, 2011

Japan aims to restore power to avert catastrophe

TOKYO (Reuters) – Japanese engineers worked through the night to lay a 1.5 km (one mile) electricity 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 catastrophe.

Officials could not say 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 17, 2011

Japanese engineers strive to restore power to avert

TOKYO (Reuters) – Japanese engineers worked through the night 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 catastrophe.

Officials could not say 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 17, 2011

Japanese engineers aim to restore power to avert catastrophe

TOKYO, March 18 (Reuters) – Japanese engineers worked
through the night to lay a 1.5 km (one mile) electricity 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 catastrophe.

Officials could not say 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 15, 2011

Tokyo Electric may be held liable for nuclear plant explosions

SINGAPORE/TOKYO (Reuters) – Tokyo Electric Power could still be held liable for the problems at its nuclear power plant as the Japanese government has not yet decided whether to classify Friday’s devastating earthquake an “exceptional” natural disaster. ??? Japan’s 1961 Act on Compensation for Nuclear Damage states the operator of a nuclear facility will not be responsible for any damage caused by their reactor if it was due to “a grave natural disaster of an exceptional character or by an insurrection.”

Insurers of the nuclear plant have already cited this law to signal that claims are unlikely to be made following the explosions. ??? However, a person involved in this matter said the quake that hit Japan’s northern coast is not yet considered as an exceptional natural disaster, adding that the official consensus will have to be made by the ministry for education, culture, sport, science and technology — which is in charge of the law.

Mar 15, 2011

Winds over stricken nuke plant blowing towards Tokyo

TOKYO (Reuters) – Winds over an earthquake-stricken nuclear power plant in Japan are blowing slowly in a southwesterly direction that includes Tokyo but will shift westerly later on Tuesday, a weather official said.

The wind is moving at a speed of about two to three meters (7 to 10 ft) per second, said the official with the Japan Meteorological Agency who is based in Fukushima Prefecture, the location of three troubled nuclear reactors.

Mar 14, 2011

Quake impact on Japan non-life insurers seen limited: analysts

TOKYO (Reuters) – A decline in shares of Japanese non-life insurers including MS&AD Insurance Group (8725.T: Quote, Profile, Research, Stock Buzz) is expected to be temporary as the impact on their earnings of the earthquake and tsunami in northeast Japan should be limited, analysts said.

The record quake had raised concerns about the size of payouts the insurers might need to make to cover claims by those affected.