Jun 11, 2011

Toyota expects profit to shrink by over 30%

Toyota Motor Corp. said Friday it expects group operating and net profit for the current business year to drop more than 30 percent from the previous year after the March 11 earthquake and tsunami damaged key parts makers in northeast Japan. For the year ...

Jun 11, 2011

Reactor makers look to green energy amid nuclear allergy

In the three months since the March 11 earthquake and tsunami damaged the Fukushima No. 1 atomic plant, the nation’s three reactor makers have started to focus more on renewable energy sources, particularly solar, wind and geothermal power. Toshiba Corp., Mitsubishi Heavy Industries Ltd. ...

Kan wins Pyrrhic victory: analysts

Jun 3, 2011

Kan wins Pyrrhic victory: analysts

Prime Minister Naoto Kan’s weakened political clout has further deepened widespread concern over the country’s apparent inability to contain its swelling national debt and deliver urgently needed funding to the disaster-hit areas, economists said Thursday. Earlier in the day, a no-confidence motion against Kan ...

| May 31, 2011

Quake coverage mitigates losses from March 11

Since the devastating earthquake and tsunami destroyed or swept away thousands of homes on March 11, earthquake insurance has become a hot topic. Here are some questions and answers on the issue. What kind of damage does earthquake insurance cover? It covers housing and ...

Export fall spells first April trade deficit since 1980

May 26, 2011

Export fall spells first April trade deficit since 1980

Japan’s trade balance fell into the red in April with a deficit of ¥463.7 billion, a big shift from the ¥189.4 billion surplus the month before, as the March 11 earthquake and tsunami wreaked havoc on exporters’ production plants in the northeast, the Finance ...

May 25, 2011

Toshiba expects slower reactor sales

Toshiba Corp. said Tuesday its current business plan for nuclear power plant construction is likely to be delayed by a few years due to growing global caution against nuclear power plants. Toshiba, a maker of the reactors at the Fukushima No. 1 plant, had ...

May 20, 2011

Auto industry agrees to adopt weekend work shifts

Automakers and auto parts makers formally agreed Thursday to operate their plants on Saturdays and Sundays and close shop on Thursdays and Fridays to help ward off the threat of blackouts during the summer, when demand for electricity is expected to peak from July ...

May 13, 2011

Nissan reports 72.5% jump in group profit

Nissan Motor Co. said Thursday its group operating profit jumped 72.5 percent to ¥537.47 billion for the business year ended in March, mostly on the back of strong sales in China and other emerging markets. However, the company said losses stemming from the March ...

Toyota predicts early rebound in production capacity

May 12, 2011

Toyota predicts early rebound in production capacity

Toyota Motor Corp. said Wednesday it expects that its damaged domestic production lines will rebound to 70 percent of capacity by June, a month earlier than initially scheduled, thanks to efforts made after the March 11 earthquake and tsunami slowed some of its plants ...

Blackout fears lift battery demand

May 3, 2011

Blackout fears lift battery demand

What happens when the power goes out during a sizzling summer without warning? Expectations of power shortages during peak demand this summer have raised fears of sudden blackouts, causing people and businesses to consider purchasing industrial storage batteries to keep their home and office ...