Japan tag news

Fitch lowered the credit rating of Japan

Tokyo – Fitch Ratings on Tuesday downgraded Japan to A+ and issued a negative outlook on the country’s credit rating, reflecting the risks posed by the continued growth of Japanese government debt. It should reach 239% of GDP by the end of the year. This debt is by far the largest of all countries rated by Fitch. Speaking in a press release, the rating agency said that Japan’s...

Japan allocates 1,000 billion yen in Fukushima

TOKYO – The Japanese government has earmarked 1,000 billion yen (9.7 billion euros, 12.5 billion euros) to the operator of the Fukushima nuclear power plant ravaged by a tsunami last year and placing it temporarily under the control of the state. These measures have been taken as part of a restructuring plan approved Wednesday. In return, the operator, Tokyo Electric Power Co. (TEPCO) has appointed a new...

Japan without nuclear power as of May 5

Japan will be deprived of nuclear energy after the arrest of the third reactor at the Tomari Nuclear Power Plant (Hokkaido, north), scheduled on May 5. Until the accident at the nuclear plant in Fukushima, in March 2011, nuclear energy accounted for nearly a third of the country’s energy supplies. The Japanese technologies in this area were ranked among the best in the world. The safety rules were changed...

Honda plans to triple its profit 2012-2013

TOKYO (Reuters) – On Friday Honda Motor reported that it planned for the year that has just begun operating profit increased almost three in favor of an expected surge in car sales in Asia and the continued market recovery in the United States. For the 2012-2013 fiscal year, Honda expects an operating profit of 620 billion yen (5.8 billion) against 231.36 billion for the one that just ended. This forecast is...

U.S will withdraw 9,000 troops from Okinawa Island

WASHINGTON (Reuters) – The United States and Japan announced Thursday an agreement be reached to reduce the U.S. military presence on the Japanese island of Okinawa. A total of 9,000 soldiers of the Marine Corps stationed on the island, which was occupied by the United States from 1945 to 1972, will be redeployed to the U.S. island of Guam and other Pacific locations. Some 47,000 U.S. troops are present on...

Strong earthquake hits northeastern Japan, no tsunami warning

TOKYO – A strong earthquake shook northeastern Japan without triggering a tsunami alert on Tuesday. The Japan Meteorological Agency said the earthquake had a magnitude of 6.4 degrees on the Richter scale, according to preliminary calculations. The epicenter of the quake was located off the coast of Iwate, about ten kilometers underwater. This city is in the region devastated by the earthquake and tsunami of...

Tokyo ready to shoot down a North Korean rocket (defense)

On Saturday the Japanese Defence Minister Naoki Tanaka said that the Japanese Self Defense Forces were discussing the possibility to shoot down the rocket if necessary charge of North Korean satellite into orbit Kwangmyongsong-3, the newspaper Sankey reported . Self-Defense Forces are preparing for a possible intercept the rocket, such as when shooting North Korean precedent, said the head of the military department...

Earthquake in northern Japan (6.8)

TOKYO – A strong earthquake struck northern Japan on Wednesday night, causing a tsunami warning along the Pacific coast. The Japan Meteorological Agency said the quake was 6.8, with a tsunami of about 50cm announced on the central island of Hokkaido, the Pacific coast and the prefectures of Aomori and Iwate. The epicenter was 235km south of Kushiro, on Hokkaido Island, 26km deep. The earthquake was not felt...

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