As Japan bets on a big economic boost from the 2020 Olympics, it might be dismayed by what’s happening right now in Russia. Moody’s doubts the Sochi Games will be much of a plus for that economy. Yet there is one sector of Japan’s ...
Cabinet ministers discussed Friday how to raise the number of foreigners in the construction sector to ease a serious labor shortage caused by the rise in public works spending under the “Abenomics” stimulus policy, officials said. Ministers present at the meeting included Chief Cabinet ...
Construction equipment maker Komatsu Ltd. expects spending on disaster reconstruction and prevention, as well as preparations for the 2020 Tokyo Olympic Games, to boost earnings in its home market. The Abe administration approved a disaster-prevention bill last month as part of an election commitment ...
A test run was carried out Monday in the newly built Hokuriku Shinkansen Line — an extension of the Nagano Shinkansen Line — that will begin operations in spring 2015, linking the cities of Nagano and Kanazawa, Ishikawa Prefecture. The test run came 40 ...
Twenty-five national hospitals opened bids for rehabilitating their old buildings between April and September, but 21 were unable to find successful bidders because contractors are reluctant to accept low-cost orders due to labor shortages and rising personnel costs, according to the National Hospital Organization. ...
The new National Stadium planned for the Tokyo 2020 Olympics has come under the spotlight due to its huge size and massive costs, and for a design critics say doesn’t fit in with its surroundings. Following are questions and answers regarding construction of the ...
As the greatest urbanization drive in history swells China’s cities with ranks of look-alike apartment blocks, one culinary businessman is indulging his architectural appetite with a visual feast of extravagant, outlandish castles. “I don’t have any hobbies, except for planting trees and building castles,” ...
As Japan seeks to rebuild disaster-hit regions and gears up to build new facilities for the 2020 Summer Olympics, its construction industry finds itself short of new workers mainly as a result of shrinking construction investment since 2000. Young people’s reluctance to accept physically ...
A British property developer said Tuesday it was investigating after sun rays reflected from its half-finished London skyscraper melted parts of several cars, including a luxury Jaguar. Londoners have been shielding their eyes from the blinding glare bouncing off 20 Fenchurch St. — nicknamed ...
China will start a nationwide audit of government debt this week as the new Communist Party leadership investigates the threats to growth and the financial system from a record credit boom. The State Council, under Premier Li Keqiang, ordered the review, the National Audit ...
In 1995, derivatives broker Nick Leeson of Barings Bank engaged in “unauthorized” speculative trading. The massive losses — £27 million — led to the collapse of Barings, the oldest investment house in Britain. In 1996, another rogue, Sumitomo Bank copper trader Yasuo Hamanaka, lost ...
The June 15 Kyodo article “34,000 children in Fukushima to get dosimeters” is absurd. What facilities does the prefecture have available to read these 34,000 dosimeters? None. What plans does the prefecture have in place to respond to high readings from the children’s high ...
