Tag: Japan

Japan orders culling of 4,000 chickens after bird flu outbreak

The Japanese government on Tuesday (December 16) ordered the culling of roughly 4,000 poultry at a farm in western Japan after bird flu was detected in three of the chickens there, Japan’s Kyodo News reported. Health authorities said three chickens from a farm in Nobeoka City, Miyazaki Prefecture, tested positive for a highly pathogenic H5 strain of avian influenza, Kyodo News said. Local government on Tuesday began slaughtering all of the roughly 4,000 birds raised at the farm. Officials said they will […]

Japan’s Mt. Aso erupts, causes flight cancellations

Mount Aso in Japan’s southern Kumamoto prefecture began erupting on Friday (November 28), spewing a thick cloud of ash high into the air, and causing flight cancellations. The eruption, which could be Mt. Aso’s first in the past 22 years, prompted safety alerts from Japan’s Interior Ministry  A Level 2 warning for Mount Aso was issued by Japan’s Meteorological Agency after it began spurting magma and ash. A Level 2 warning means the immediate area around the volcano’s crater […]

Japan’s recessionary slide hits stocks, oil

(Reuters) – Data showing Japan slipped into recession in the third quarter raised concerns on Monday about global economic health, hitting stocks and the price of oil. European shares fell and Wall Street looked set to open lower, according to index futures ESc1 1YNc1. Tokyo’s Nikkei index .N225 lost 3 percent, its biggest one-day drop since August, after the news that the world’s third-largesteconomy unexpectedly shrank by an annualized 1.6 percent in July-September. This followed a 7.3 percent contraction in the previous quarter caused […]

China, Japan set aside isle row, paving way for leaders to meet

(Reuters) – China and Japan agreed on Friday to work on improving ties and signaled willingness to put a bitter row over disputed islands on the back burner, paving the way for their leaders to meet at an Asian-Pacific summit next week. The agreement, ahead of an expected ice-breaking chat between Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping at the gathering in Beijing, signals a thaw in ties between the world’s second- and third-biggest economies. Relations […]

Japan minister’s quitting a hitch, but won’t affect reactor restart

By Mari Saito and Kentaro Hamada Oct 20 (Reuters) – Japan’s plan to restart nuclear reactors shut down after the Fukushima disaster will not be affected by Monday’s resignation of the industry minister, but Prime Minister Shinzo Abe is losing a convincing advocate of a step most view with suspicion. Forty-year-old Yuko Obuchi’s resignation from the Ministry of Economy, Trade and Industry, six weeks after she was appointed, is the latest hitch in a process […]

What can we learn from Abenomics?

Author: Adam S. Posen, Peterson Institute of International Economics (Courtesy East Asia Forum) — One of the striking things about the past few decades of Japan’s economic history has been the fact that textbook macroeconomics could have predicted most of it. Back in the late 1990s, this was a controversial point of view. Many people spoke about the ‘specialness’ of the Japanese economy, just as they have about the ‘specialness’ of recent monetary policy. This over-complication seems […]

Over 30 feared dead after Japan volcano spews ash and rock

(Reuters) – More than 30 people were feared dead on Sunday near the peak of the Japanese volcano that erupted a day earlier, sending a huge cloud of ash and rock tumbling down its slopes, while packed with hikers. Police said they were found in a state of “cardiopulmonary” arrest, but declined to confirm their deaths pending a formal examination, as per Japanese custom. Hundreds of people, including children, were stranded on Mount Ontake after it erupted […]