Japan News

Radiation Concerns for Japan’s Beef Supply

Concerns about radiation-tainted beef intensified Sunday in Japan as officials struggled to determine the scope of the problem and prevent further contamination of the meat supply. The government prepared to suspend cattle shipments from Fukushima amid a growing tally of …

Magnitude 5.5 Quake Jolts Eastern Japan

An earthquake with a preliminary magnitude of 5.5 jolted the Tokyo area on Friday, the Japan Meteorological Agency reported. There were no immediate reports of damage and no tsunami alert was issued following the quake, which was centred in Ibaraki …

Munich Re: Catastrophe Costs Set to Reach Record in 2011

The total costs associated with natural catastrophes will reach a record this year after an earthquake in Japan pushed first-half losses to $265 billion, according to Munich Re . The world’s biggest reinsurer by revenue said on Tuesday that the …

Strong Earthquake Rattles Tsunami-Weary Japan

A strong earthquake with a magnitude of 7.3 hit Japan’s northeastern coast on Sunday, prompting a brief tsunami warning for the area still recovering from a devastating quake and killer wave four months ago. Residents in coastal areas were warned …

Japan Nuclear Plants to Undergo ‘Stress Tests’

Japan said Wednesday it will conduct “stress tests” on all the country’s nuclear plants to ease heightened concerns about disaster preparedness after this year’s tsunami sparked the worst nuclear crisis since Chernobyl. The March 11 earthquake and tsunami in northeastern …

Nissan Plant Open Saturdays Amid Power Crunch

Nissan’s plant is busily rolling out the Leaf electric car and other models on a Saturday, having shifted production schedules for an aggressive nationwide effort to fight the power crunch created by a tsunami-crippled nuclear plant. “Setsuden,” or “save electricity,” …

Magnitude-5.4 Quake Jolts Central Japan; 7 Hurt

A magnitude-5.4 earthquake has rattled central Japan and at least seven people are hurt. The Japan Meteorological Agency said the quake hit Thursday in Nagano, some 170 kilometers (105 miles) northwest of Tokyo. The quake was just four kilometers (2.5 …

The Effect of Japan’s Natural Disaster on Business Income Claims

As cleanup continues in the aftermath of the recent earthquake and subsequent tsunami that devastated parts of Japan, the adverse effect on the bottom line of businesses worldwide continues to be of great concern. According to a recent study conducted …

Tokyo Electric Power Facing $1.1 Billion in Mental Distress Claims

Tokyo Electric Power estimates it will have to pay 88 billion yen ($1.1 billion) in compensation for mental distress caused to people who were forced to leave their homes after the March quake and tsunami sparked a crisis at a …

Ships Tossed Ashore by Japan Tsunami Get Rescued

More than a dozen ships heaved inland by Japan’s tsunami in March sit with red bellies and propellers exposed among the demolished houses of this once-bustling fishing town, a jarring daily reminder of the ocean’s awesome power. The enormous task …