The Japanese government announced a ban on Thursday of rice grown near the damaged Tokyo Electric Power Company nuclear power plant in Fukushima Prefecture after samples showed radioactive contamination above legal safety limits, Agence France-Presse said.
The president of Olympus Corp. told employees the company has enough cash to keep going amid the scandal involving billions in accounting irregularities, Bloomberg reported, citing an email sent on the Japanese firm’s internal website.
Japan’s gross domestic product is forecast to grow at an annual 5.9 percent in the three months ended September 30 according to a Bloomberg News survey of 24 analysts.
Plans are underway to permanently base U.S. Marines in Darwin, Australia to counter China’s growing military capabilities, the Sydney Morning Herald said.
Leading U.S. lawmaker urges President Obama to block Japan’s TPP free trade entry, Detroit Free Press says
Influential U.S. Senator Carl Levin has urged President Barack Obama to oppose Japan’s entry into the Trans-Pacific Partnership on free trade until it opens up its domestic auto market, the Detroit Free Press reported.
The number of Japanese receiving welfare benefits in July rose to a record 2.05 million, the highest since the government started recording the data 60-years ago, Agence France-Presse reported, citing the Health, Labour and Welfare Ministry.
The Tokyo Metropolitan Police department has launched an investigation into whether Olympus committed accounting fraud after it admitted concealing losses in deals reaching as far back as the 1990s, according to Agence France-Presse.
Japan’s nuclear disaster minister ordered Tokyo Electric Power Company to revise its schedule and speed up the dismantling of the crippled daiichi nuclear power plant in Fukushima prefecture, Kyodo News said.
Toyota Motor first half profit fell nearly 72 percent to 81.6 billion yen ($1 billion) following production disruptions caused by the Great East Japan Earthquake and severe flooding in Thailand, the Associated Press said.
The Japanese government plans to forgo visa fees for tourists who want to visit the prefecture of Fukushima and two others that were devastated by the March 11, Great East Japan Earthquake and tsunami, Nikkei says.