Japan's economy will slow significantly this year after last month's devastating earthquake and tsunami, with the government needing to cut spending from other programs to rebuild the country's battered northeast coast and to ensure faster growth next year, the OECD said on Thursday.
The 20-kilometer evacuation zone around the crippled Fukushima nuclear reactor complex has been declared a no-entry zone by the Japanese government, stating that the 'plant has not been stable'.
Tokyo Electric Power Co. says there is somewhat less radioactive water in the tunnel linked to one of the reactors, amounting to 210 metric tons of water, according to broadcaster NHK.
Tokyo Electric Power Co. plans to move the radioactive water from one of the reactor buildings at the Fukushima Daiichi nuclear power plant and treat it on site, the company said.
There are many people who think the Fukushima nuclear crisis has signaled the demise of the nuclear power industry, or at least that it will soon run into a ditch. But certain facts speak otherwise. Rising scepticism about the industry's future, especially in Europe, notwithstanding, the nuclear power sector is more likely to thrive than not.
The situation at the Fukushima Daiichi nuclear power plant remains very serious but there are early signs of recovery in some functions, such as electrical power and instrumentation, International Atomic Energy Agency said on Monday in its latest update on Fukushima nuclear crisis.
Toshiba Corp said on Tuesday it likely fell short of its operating profit estimate for the past business year by 4 percent after last month's massive earthquake and tsunami affected operations at some of its plants.
Photos of the winning moments at the 2011 Boston Marathon.
Japan's Earthquake in 2011 was the most devastating natural disaster to hit Japan after WWII. The 9.0-magnitude earthquake struck on Friday, March 11 2011 off the coast of T?hoku, which is located in the northern part of the country.
Tokyo Electric Power Co. unveiled its plan for dealing with the crisis at the Fukushima Daiichi nuclear power plant, the worst nuclear disaster since Chernobyl.
Tokyo Electric Power Co. (TEPCO), which operates Japan's damaged nuclear plant at Fukushima, said on Sunday that radiation level at the plant will be brought down to a downward trend within three months. The following is the latest update from TEPCO about the status of the Fukushima-Daiichi nuclear plant:
Following is an update released by UN atomic watchdog International Atomic Energy Agency (IAEA) on the Japan's Fukushima Daiichi nuclear power plant.
Several advocacy groups have petitioned the Nuclear Regulatory Commission to suspend reactor licensing until a full review of the Fukushima disaster in Japan is complete.
Japan's Toshiba Corp said on Thursday it expects its operations to recover in the second half of this financial year after being hit by supply chain disruptions in the wake of the March 11 earthquake and tsunami.
Computer sales slid lower in the first three months of this year for the first time since 2009 as shoppers suffered post-holiday shopping fatigue, Apple Inc's iPad continued to attract buyers and Japan focused on recovering from the earthquake and tsunami.
- Japan's government on Wednesday downgraded its assessment of the economy for the first time in six months, saying it is showing weakness after a devastating earthquake and tsunami last month battered the northeast coast.
It's been a month since a massive earthquake triggered off a tsunami and a severe nuclear crisis at Fukushima Nuclear reactor hit Japan, killing thousands of people, rendering millions homeless and leaving scores of people exposed to nuclear radiation and life threatening injuries.
Japanese Economics Minister Kaoru Yosano said on Wednesday that the effects of last month's devastating earthquake and tsunami would be relatively short-lived, with the economy expected to recover toward the end of the year.
The March 11 Japan earthquake and tsunami are likely to have caused up to $34 billion in losses for the global insurance industry, catastrophe modeling company RMS said on Tuesday.
Earthquake and tsunamis could not keep Versace from Japan.After some delays due to the natural disasters, Versace will proceed with plans to open stores in Japan and add to its Asian income stream. The company already derives 30 percent of its income from China.
The Tokyo Electric Power Co. (TEPCO), which operated the crippled Fukushima Dai-ichi nuclear power plant, may be subject to up to 2-trillion yen ($23.6-billion) in compensation claims by local communities, according to a study by JP Morgan.
Japanese Nuclear and Industrial Safety Agency (NISA) said it has raised the accident levels at Fukushima Daiichi Nuclear power plant to level 7 Major Accident.