Jul 1, 2014

GM fund for ignition defect victims to offer wide eligibility

The compensation fund for victims of General Motors Co’s defective ignition switch will be open to a broad range of people, with family members of those who died as a result eligible for at least $1 million, the attorney in charge of the fund ...

Jan 31, 2014

Firms that made No. 1 plant sued

by Mari Yamaguchi

Some 1,400 people file a joint lawsuit against three companies that manufactured the Fukushima No. 1 nuclear plant, saying they should be financially liable for damage caused by its 2011 meltdowns.

War redress reversal in South Korea

| Jan 27, 2014

War redress reversal in South Korea

by Mizuho Aoki

Recent South Korean court rulings ordering Japanese firms to compensate Koreans who were forced to perform labor for them during the war have cast a shadow on already strained bilateral ties. In July, the Seoul High Court ordered Nippon Steel & Sumitomo Metal Corp. ...

MHI maintains wartime reparations issue settled

Dec 16, 2013

MHI maintains wartime reparations issue settled

The president of Mitsubishi Heavy Industries Ltd. said the company will maintain its stance that wartime compensation issues related to Korean workers forcibly conscripted as laborers have already been settled. “We will continue to maintain our claim is right,” even if South Korea’s Supreme ...

Dec 15, 2013

Tepco loan ceiling may hit ¥10 trillion

The government might raise its loan ceiling for Tokyo Electric Power Co. to ¥10 trillion from the current range of ¥5 trillion to ¥9 trillion, in light of the compensation payments and radioactive decontamination work it must carry out in the wake of the ...

Nov 12, 2013

Tepco pays nuke-related damages to Narita airport

Narita International Airport Corp. said Tuesday that it has received ¥3.2 billion from Tokyo Electric Power Co. as compensation for the negative impact of the March 2011 accident at its Fukushima No. 1 nuclear plant. The airport operator and Tepco began talks in October ...