"We didn't understand the magnitude to which would be an oncoming tidal wave, something that must be dealt with, and quickly," said Ed Bolton, the Federal Aviation Administration's assistant administrator for NextGen, as the program is called.» Read More
*Japan court rejects Kansai Electric safety assurances. All 48 of Japan's nuclear reactors have been idled for safety checks after an earthquake and tsunami triggered triple meltdowns at Tokyo Electric Power Co's Fukushima Daiichi plant, forcing more than 150,000 residents to evacuate.
TOKYO, May 12- Japan's service-sector sentiment worsened in April at the fastest pace since the devastating 2011 earthquake and tsunami, a government survey showed, a sign the sales tax hike which took effect last month is cooling consumer spending.
The Tokyo metropolitan government will invest in 6 solar power projects across Japan. Tokyo had set up funds last year to invest in power plants, and these funds will cover 20-30% of the cost of the new 170 million dollar solar power project. Sachiko Kishida reports.
Japan's Nuclear Regulation Authority has rated the latest radioactive water leakage at the Fukushima Daiichi nuclear power plant a Level-3 incident. Nozomu Kitadai reports.
The Korea Times thinks the North Korean leader really IS the sexiest man alive. The GlobalPost reports.
Japan's environment ministry expects about 33,000 tons of tsunami debris to reach the western coast of North America by next June. The GlobalPost reports.
George Boubouras, Head of Investment Strategy & Consulting, UBS Wealth Management discusses his outlook for the Japanese economy following the release of the country's GDP data.
Japan's controversial Hamaoka nuclear plant, shut down after Fukushima, wants to reopen once a 54-ft.-high, mile-long wall is finished. But the plant also sits on a seismic fault line, raising more than a few doubts.
CNBC's Brian Shactman takes a look at how the nuclear industry has been altered one year after the disastrous earthquake and tsunami in Japan.
Last year's triple Fukushima disaster – an earthquake, tsunami and nuclear crisis trifecta -- claimed more than 19,000 lives and wreaked utter havoc on the affected area. But the cascading effects of the Fukushima catastrophe may prove to be even more serious and long-lasting.
Regional cities like Aizu-Wakamatsu could be crucial to Japan’s effort to attract foreign investment, the New York Times reports.
As Japan marks the first anniversary of its worst nuclear accident ever, the debate over a shift to greener energy has not concluded.
Most investors can rhyme off a litany of reasons as to why to avoid Japan – high government debt, deflation and a demographic vortex just to name a few. But Japanese equities appear to be emerging as a favorite contrarian play among some experienced investors.
Jacinthe Martin says it took her a few days to reach “panic” status last March, as Japan’s nuclear crisis deepened following its earthquake and tsunami. But the agitated news reports and frantic emails from friends finally pushed her – like many foreign residents of Tokyo – to abandon her adopted city for sanctuary overseas, FT reports.
In the darkest moments of last year’s nuclear accident, Japanese leaders did not know the actual extent of damage at the plant and secretly considered the possibility of evacuating Tokyo, an independent investigation into the accident disclosed. The NYT reports.
Boeing set to end 2011 with its worst performance against Airbus in 40 years, and Toyota predicts a rebound in 2012. CNBC's Phil LeBeau reports.
Japan's fishing industry may be about to undergo a complete transformation. One local government is proposing opening coastal waters to big-business investors in what he says is an effort to save the industry. The Christian Science Monitor reports.
More than 20 spots in and around the nation’s capital are contaminated with potentially harmful levels of radioactive cesium, according to a citizens’ group and the respected nuclear research center they worked with. The NYT reports.
Some analysts believe the euro could be heading to a new lower range, as Europe grapples with its peripheral debt crisis.
Following the catastrophic earthquake in Japan on March 11, 2011, affected companies – including my own – have taken a fresh look at the way they manage risk. And for good cause.