Latest news with #ex-TEPCO
Kyodo News
a day ago
- Business
- Kyodo News
Kyodo News Digest: June 7, 2025
KYODO NEWS - 15 minutes ago - 09:26 | All, Japan, World The following is the latest list of selected news summaries by Kyodo News. ---------- Japan, U.S. yet to find common ground on tariffs WASHINGTON - Japan and the United States have yet to find common ground on tariff issues but still aim to strike a deal of some sort in mid-June, Japan's chief tariff negotiator said Friday. After holding talks with U.S. Treasury Secretary Scott Bessent and U.S. Commerce Secretary Howard Lutnick in Washington, Ryosei Akazawa, Japan's minister in charge of economic revitalization, told reporters that he believes "further progress" was made. ---------- Trump says U.S., China tariff teams to meet in London on Monday WASHINGTON - U.S. President Donald Trump said Friday that Treasury Secretary Scott Bessent and two other Cabinet members in charge of tariff issues will meet with their Chinese counterparts in London on Monday. The two other U.S. officials who will discuss trade issues with Chinese representatives are Secretary of Commerce Howard Lutnick and U.S. Trade Representative Jamieson Greer. ---------- New S. Korea leader, Trump agree to seek "satisfactory" tariff deal SEOUL - New South Korean President Lee Jae Myung and U.S. President Donald Trump agreed during their first telephone talks on Friday to work toward a "mutually satisfactory" agreement on U.S. tariffs at an early date, South Korea's presidential office said. "Regarding ongoing tariff consultations between the two countries, the presidents agreed to strive for a mutually satisfactory agreement as soon as possible," the office said after their phone talks, adding that the leaders pledged to encourage tangible progress to be achieved in working-level negotiations. ---------- Suzuki halts production of Swift over China's rare earth export curbs TOKYO - Suzuki Motor Corp. has halted production of its flagship Swift compact hatchback due to China's export restrictions on rare-earth elements, sources close to the matter said Friday, marking the first suspension by a Japanese automaker tied to the curbs. The restrictions have caused delays in procuring parts that use rare earths, the sources said. ---------- Court overturns Fukushima crisis damages order against ex-TEPCO execs TOKYO - A Japanese high court on Friday overturned a ruling ordering former executives of Tokyo Electric Power Company Holdings Inc. to pay the utility unprecedented damages for failing to prevent the 2011 crisis at the Fukushima Daiichi nuclear plant. The Tokyo High Court determined it was difficult for TEPCO's management at the time to foresee the massive tsunami of up to around 15 meters that caused the disaster, revoking the 2022 court decision ordering the former executives to pay around 13 trillion yen ($90 billion) in compensation. ---------- Japan OKs 20 tril. yen plan for disaster resilient infrastructure TOKYO - The Japanese government on Friday approved a plan to enhance the disaster resilience of the country's infrastructure over the next five years, with the project expected to cost more than 20 trillion yen ($139 billion). Focusing on measures to address aging infrastructure, the plan specifies 326 measures to be taken by government bodies from fiscal 2026 through 2030, while regional authorities bear part of the costs. ---------- Japan showcases MSDF frigate in Australia amid bid to win contract DARWIN, Australia - Japan's latest Maritime Self-Defense Force frigate made a port call in Darwin, northern Australia, on Thursday for training, as Japan competes with Germany for a contract to build Australia's new-generation fleet. Showcasing the Mogami-class multi-mission frigate Yahagi to the media on Friday, MSDF officials highlighted its advanced stealth features and ability to operate with a smaller crew than the German vessels. ---------- Japan's shogi board game ass'n has 1st female chief TOKYO - Japan's leading shogi organization on Friday picked the first female chief in its 101-year history as part of efforts to encourage more young people, including women, to participate in the traditional Japanese board game. Ichiyo Shimizu, a pro shogi player herself, succeeded Yoshiharu Habu, a 54-year-old master, as president of the Japan Shogi Association for a two-year term. Video: Plum pickling ceremony at World Exposition in Osaka
Kyodo News
2 days ago
- Business
- Kyodo News
Kyodo News Digest: June 6, 2025
KYODO NEWS - 2 hours ago - 20:25 | All, Japan, World The following is the latest list of selected news summaries by Kyodo News. ---------- Court rejects Fukushima crisis damages order against ex-TEPCO execs TOKYO - A Japanese high court on Friday overturned a ruling ordering former executives of Tokyo Electric Power Company Holdings Inc. to pay the utility damages for failing to prevent the 2011 crisis at the Fukushima Daiichi nuclear plant. The Tokyo High Court determined it was difficult for TEPCO's management at the time to foresee the massive tsunami that caused the disaster, overturning the 2022 court decision ordering the former executives to pay around 13 trillion yen ($90 billion) in compensation. ---------- Japan OKs 20 tril. yen plan for disaster resilient infrastructure TOKYO - The Japanese government on Friday approved a plan to enhance the disaster resilience of the country's infrastructure over the next five years, with the project expected to cost more than 20 trillion yen ($139 billion). Focusing on measures to address aging infrastructure, the plan specifies 326 measures to be taken by government bodies from fiscal 2026 through 2030, while regional authorities bear part of the costs. ---------- Japan Diet OKs defense cooperation pact with Philippines TOKYO - Japan's parliament on Friday approved legislation for a defense cooperation agreement with the Philippines, as the two countries step up security ties with an eye on China's maritime assertiveness in nearby waters. The reciprocal access agreement eases restrictions on the movement of personnel between the two forces to facilitate joint drills and disaster relief operations, making the Philippines Japan's third RAA partner after Australia and Britain. ---------- Trump administration still reviewing Nippon-U.S. Steel deal WASHINGTON - U.S. President Donald Trump's administration on Thursday continued to review Nippon Steel Corp.'s proposals to acquire United States Steel Corp., taking the decision past the expected deadline. It was earlier thought that Trump had until Thursday to decide whether to formally approve Nippon Steel's buyout plan. But Trump could now make a final decision by June 18, given that U.S. authorities in January extended to that date a deadline for the Japanese and U.S. steelmakers to abandon the plan. ---------- Japan ispace fails in bid for 1st Moon landing by Asian private firm TOKYO - Japanese startup ispace Inc. failed in its attempt to become the first private firm in Asia to touch down on the Moon when its lunar lander apparently crashed on Friday, dealing a blow as it seeks to catch up with U.S. rivals following an unsuccessful inaugural mission in 2023. With touchdown planned for 4:17 a.m. on Friday, Japan time, the lander, Resilience, began descending from an altitude of around 100 kilometers but was unable to decelerate to the required speed, ispace said. ---------- Japan vows to achieve wage-driven growth in draft policy blueprint TOKYO - The Japanese government has pledged to pursue economic growth driven by sustainable wage hikes, aiming to nearly double gross domestic product by around 2040, according to a draft policy blueprint unveiled Friday. Facing uncertainty from higher U.S. tariffs and prolonged inflation weighing on household spending, Prime Minister Shigeru Ishiba's government vowed in its draft economic and fiscal policy plan to achieve wage increases that outpace rising prices. ---------- Japan extends life of nuclear reactors beyond 60 years TOKYO - A law enabling nuclear reactors in Japan to operate beyond 60 years took effect Friday, scrapping a limit imposed after the Fukushima crisis, with the government viewing the power source as vital to the country's energy mix. Under the new system, the life of a reactor will, in principle, be extended beyond 60 years by no longer including offline periods for safety reviews or suspensions ordered by courts that are not due to the inappropriate actions of an operator. ---------- H.K. activist Wong faces new charge of colluding with foreign forces HONG KONG - Hong Kong pro-democracy activist Joshua Wong, who has been jailed over a subversion case, was newly charged Friday with "conspiring to collude with foreign forces" under the national security law imposed by Beijing in 2020. The 28-year-old, who was sentenced in November to four years and eight months in prison over an unofficial primary election, allegedly conspired with fellow activist Nathan Law to urge foreign countries to impose sanctions or take other hostile actions against Hong Kong and China between July 1 and Nov. 23, 2020. Video: Awards ceremony for world's best baker at Osaka Expo
