With 8% hurdle cleared, Aso eyes 10% sales tax

Oct 8, 2013

With 8% hurdle cleared, Aso eyes 10% sales tax

Just a week after Prime Minister Shinzo Abe announced his intention to raise the 5 percent consumption tax to 8 percent next April, Finance Minister Taro Aso said he was upbeat about raising the levy further to 10 percent. Aso told reporters Tuesday the ...

New spill at No. 1 laid to typhoon miscalculation

Oct 3, 2013

New spill at No. 1 laid to typhoon miscalculation

An apparent miscalculation amid a typhoon caused a storage tank to overflow at the wrecked Fukushima No. 1 power plant, releasing about 430 liters of radioactive water into the Pacific Ocean, Tokyo Electric Power Co. reveals.

Maglev challenge both technical, financial

| Sep 30, 2013

Maglev challenge both technical, financial

Central Japan Railway Co.’s project to build a magnetically levitated (maglev) train system re-entered the spotlight Sept. 18 when it unveiled the details of a route scheduled to open between Tokyo and Nagoya by 2027.

Hashimoto's Osaka merger dream in jeopardy

| Sep 30, 2013

Hashimoto's Osaka merger dream in jeopardy

Nippon Ishin no Kai (Japan Restoration Party) co-leader and Osaka Mayor Toru Hashimoto was facing a critical battle. And he lost. On Sunday, a candidate fielded by Nippon Ishin lost a local government election for the first time in Osaka Prefecture, the power base ...

Sep 28, 2013

Tepco fixes silt fence at No. 1 plant

Tokyo Electric Power Co. said it has finished repairing the damaged silt fence set up in front of reactors 5 and 6 at the Fukushima No. 1 nuclear plant to stop radioactive materials escaping into the Pacific. Tepco said Friday it has taken seawater ...

Sep 27, 2013

Tepco raises toxic water estimate to 400 tons a day

Tokyo Electric Power Co. on Friday formally revised its groundwater flow simulation and now believes up to 400 tons of contaminated water is seeping into the Pacific every day from the damaged Fukushima No. 1 nuclear plant. The previous estimate was about 300 tons ...