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The Japanese government said Friday it now estimates the economic impact of the 2025 World Expo to reach about 2.9 trillion yen ($19 billion), up 400 billion yen from the previous projection, due to inflated costs. The Ministry of Economy, Trade and Industry revised its calculation for the new estimate, based on Japan's planned spending of up to 235 billion yen for constructing the expo venue in Osaka amid high material and labor costs, for example. The new figures are based on a calculation conducted in February, revised from the previous one carried out in March 2018. The estimate back then ...
Kyodo News
Cherry blossoms bloomed Friday across Japan including Tokyo and Kyoto, coming slightly later than usual following relatively low temperatures seen in many areas through March, the weather agency said. In Tokyo, the "Somei Yoshino" variety at Yasukuni Shrine, used for the Japan Meteorological Agency's observation in the capital, came into bloom. The year's bloom in Tokyo came five days later than average and 15 days later than last year. Kyoto also saw its first cherry blossoms of the season with the bloom occurring three days later than average, according to the local weather observatory. Priv...
Kyodo News
Kobayashi Pharmaceutical Co. said Friday it has yet to determine the substance that may be responsible for the deaths of people who consumed its supplements. President Akihiro Kobayashi apologized for the scandal at a press conference after the company said earlier in the day that it has confirmed a fifth death linked to its red yeast rice dietary supplements.
Kyodo News
A Japanese court decided Friday to allow five aging nuclear reactors to continue operations at plants in central Japan run by Kansai Electric Power Co., rejecting local residents' safety concerns that led to demands for suspensions. The Fukui District Court denied injunctions to halt the No. 3 reactor at the Mihama plant and Nos. 1-4 reactors at the Takahama plant, both in Fukui Prefecture on the Sea of Japan coast. The reactors started commercial operations between 1974 and 1985. Mihama's No. 3 unit, which opened in 1976, became in 2021 the country's first nuclear unit to operate beyond the g...
Kyodo News
Central Japan Railway Co. said Friday it has given up its plan to launch a new high-speed maglev train between Tokyo and Nagoya in 2027, amid long-running environmental disputes.
Kyodo News
Kobayashi Pharmaceutical Co. said Friday that it has confirmed a fifth death linked to its red yeast rice dietary supplements. The Japanese company has received reports of illness linked to the "beni-koji choleste help" supplements and recalled the products.
Kyodo News
Bullet train services on some sections of eastern Japan lines were suspended Friday due to power transmission problems, their operator said. The Tohoku Shinkansen line became unable to properly supply power at around 5:45 a.m., leading to a suspension of operations between Tokyo and Sendai stations, East Japan Railway Co. said. Operations of the Akita Shinkansen between Tokyo and Sendai and the Yamagata Shinkansen between Tokyo and Fukushima were also halted, the company said.
Kyodo News
Tokyo Electric Power Company Holdings Inc. said Thursday it has submitted a plan to the nuclear regulator to begin loading fuel in a reactor at an idled plant, northwest of Tokyo, next month, as part of moves to potentially restart the facility. The proposed loading of the No.7 reactor at the Kashiwazaki-Kariwa nuclear plant in Niigata Prefecture from April 15 was submitted to the Nuclear Regulation Authority. TEPCO has yet to restart any of its reactors halted after the Fukushima Daiichi nuclear disaster triggered by the March 2011 earthquake and tsunami. No timeline for a restart has been de...
Kyodo News
Japan's parliament on Thursday enacted a 112.57 trillion yen ($744 billion) budget for fiscal 2024 starting in April, the second-largest, to better respond to security threats and demographic challenges, ease the pain of inflation and rebuild earthquake-hit areas. The budget includes a record 7.95 trillion yen in defense spending as the nation seeks to bolster defense capabilities in the face of threats from China and North Korea. The government revised its initial plan and double the amount of emergency funds to 1 trillion yen after a deadly quake hit central Japan on New Year's Day. Although...
Kyodo News
Toyota Motor Corp. said Thursday its domestic sales declined for the second straight month in February, hit by a slew of data-rigging scandals among its group companies Daihatsu Motor Co. and Toyota Industries Corp. The number of cars Toyota sold in Japan dropped 33.3 percent from a year earlier to 103,946 units, while domestic output slumped by 12.9 percent, also affected by the temporary suspension of its factories due to heavy snow, the world's largest automaker said. Its sales outside of Japan slipped 6.9 percent to 719,630 units from the year before, falling for the first time in 13 month...
Kyodo News
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