Uranium prices are hovering near eight-year lows because an earthquake and tsunami struck Japan in March 2011, crippling the Fukushima-Daiichi atomic power plant, and leading to the shutdown of nearly all reactors in the country, which previously relied on nuclear sources for 30 percent of its power.» Read More
TOKYO, Sept 19- Japanese Prime Minister Shinzo Abe on Thursday instructed Tokyo Electric Power Co to decommission the No. 5 and No. 6 reactors at the crippled Fukushima Daiichi nuclear power plant. The other four reactors at the six-reactor plant, devastated by a massive earthquake and towering tsunami in March 2011, are already set to be scrapped.
TOKYO, Sept 17- Japan's trade minister said on Tuesday the government would like to consider lowering the dependence on nuclear power two-and-a- half years after a massive earthquake and tsunami crippled the Fukushima plant in northeast Japan.
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.
Rajiv Biswas, director of South East Asia at IHS Global Insight, told CNBC, "The great news is it wasn't the same sort of earthquake and secondly that the early warning systems seemed to be working relatively well, but I think it also highlights the great vulnerability of countries in Asia to this kind of disaster."
Edward Gustely, Penida Capital Advisors and senior advisor to Indonesia's Ministry of Finance, offers insight on the earthquake that struck off the coast of Indonesia today and the effectiveness of early warning systems set up after the 2004 tsunami.
CNBC's Chloe Cho has the latest on a powerful aftershock which struck off the coast of Indonesia today.
Ian Williams, NBC News, reports the Pacific Tsunami Warning Center has cancelled the tsunami alert it had for all of the Indian Ocean.
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.
The supply chain's tsunami recovery was relatively quick, with CNBC's Jon Fortt.
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.