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South Korea is getting ready to bring the World Expo to Busan in 2030.
The inspections for the World Expo 2030 are coming up soon. South Korea is getting ready for the expo that will be held in Busan. The Busan Expo Bidding Committee held a meeting on Friday to talk about the country's chances of getting the expo. Now that World Expo 2020 is over, everyone is lo...
TOSHIBA EXCLUDES 2 BOARD MEMBERS FROM UPCOMING SHAREHOLDER MEETING
Highlights –
- Toshiba excludes 2 board members from upcoming shareholder meeting.
- Toshiba fend off activist foreign investors in the company's general shareholders' meeting.
- The total number of nominees now comes to 11 from 13....
INDUSTRIAL OUTPUT OF JAPAN RISES 2.5 PERCENT IN APRIL
Highlights –
- Industrial output of Japan rises 2.5 percent in April.
- The index of production at factories and mines exceeded the pre-pandemic level.
- Output in the electrical machinery, information, and communication electronics equipme...
SUMITOMO WARNED FOR LEAKING BLUEPRINTS OF SDF WEAPON TO CHINA
Highlights –
- Sumitomo warned for leaking blueprints of SDF weapon to China.
- The Ministry of Economy, Trade and Industry issued the warnings on April 28 to the company.
- A subcontracted firm by Sumitomo Heavy leaked blueprints of a mili...
JAPAN’S INDUSTRIAL OUTPUT FELL 9.5% IN FY 2020
Highlights –
- Japan’s industrial output fell 9.5% in FY 2020.
- The country's output in March rose 2.2 percent.
- In comparison to last year, the seasonally adjusted index of production at factories and mines stood at 90.4. ...
JAPAN GOVT. TO RELEASE TREATED RADIOACTIVE WATER INTO THE SEA
Highlights –
- Japan govt. to release treated radioactive water into the sea.
- The treated water is said to not pose safety concerns to humans or the environment.
- TEPCO expects to run out of storage capacity as early as fall next year.
JAPAN’S INDUSTRIAL OUTPUT FELL 2.1 PERCENT IN FEBRUARY OVER AN EARTHQUAKE
Highlights –
- Japan’s industrial output fell 2.1 percent in February over an earthquake.
- An earthquake on Feb. 13 in northeastern Japan disrupted parts supply for major automakers.
- The auto sector reported an 8.8 percent fall in ...
JAPAN TO BOOST EFFORTS TO SUPPORT ASIAN COUNTRIES TO SHIFT TO LNG
Highlights –
- Japan to boost efforts to support Asian countries to shift to LNG.
- Japan is known to be the world’s largest LNG consumer.
- Japan plans to procure LNG from Australia, Qatar, and the United States.
- In 2019, ...
JAPAN’S INDUSTRIAL OUTPUT IN 2020 DROPPED LOWEST BY 10.1 PERCENT
Highlights –
- Japan’s industrial output in 2020 dropped lowest by 10.1 percent.
- The government’s seasonally adjusted index of output at factories and mines stood at 90.9.
- In December 2020, the index fell 1.6 percent to 93....
JAPAN GOVT. TO GIVE CASH HANDOUTS TO SUPPORT SUPPLIERS OF RESTAURANTS
Highlights –
- Japan Govt. to give cash handouts to support suppliers of restaurants.
- The government plans to pay $3,800 to suppliers in Tokyo and its vicinity areas.
- The government is to pay 60,000 yen per day to restaurants and bars t...
JAPAN GOVT. REPORTS THE COUNTRY’S INDUSTRIAL PRODUCTION FLAT IN NOVEMBER
Highlights –
- Japan Govt. reports the country’s industrial production flat in November.
- The seasonally adjusted index of industrial output stayed at 95.2 from the previous month.
- Production in the auto sector fell 4.7 percent due...
JAPAN GOVT. AIM FOR BAN ON SALES OF GASOLINE-ONLY CARS BY MID-2030s
Highlights –
- Japan Govt. to aim for ban sales of gasoline-only cars by mid-2030s.
- Japan aims to promote all-electric, fuel cell, gasoline-electric, and plug-in hybrid cars.
- In 2019, the domestic sale of lower-or-zero-emissions cars, i...
JAPANESE GOVERNMENT REPORTS INDUSTRIAL PRODUCTION IN OCTOBER RISE BY 3.8%
Highlights –
- Japanese government reports industrial production in October rise by 3.8%.
- The output at factories and mines seasonally adjusted index stood at 95.0.
- The production of general machinery was at 17.9%.
- The i...
TOSHIBA CORP. TO STOP TAKING ORDERS FOR COAL-FIRED POWER PLANTS
Highlights –
- Toshiba Corp. to stop taking orders for coal-fired power plants.
- The company is planning to shift its focus to renewable energy.
- The company plans to invest around 160 billion yen by fiscal 2022 in renewable energy. ...
JAPAN GOVT. REPORTS RISE IN INDUSTRIAL OUTPUT FOR SEPTEMBER BY 4.0%
Highlights –
- Japan Govt. reports rise in industrial output for September by 4.0%.
- The seasonally adjusted index of production at factories and mines stood at 91.6.
- The ministry expects an increase in output by 4.5% in October and 1.2%...
JAPANESE GOVT. PLANS TO SUPPORT DEVELOPMENT OF BATTERIES FOR ELECTRIC VEHICLES
Highlights –
- Japanese govt. plans to support the development of batteries for electric vehicles.
- An action plan for the same is said to be compiled by the end of this year.
- Prime Minister of Japan has pledged to cut greenhouse ga...
DECISION TO RELEASE FUKUSHIMA NUCLEAR PLANT’S TREATED WATER CURRENTLY PUT OFF
Highlights –
- Decision to release Fukushima Nuclear Plant’s treated water currently put off.
- The earlier decision to do so triggered strong opposition from fishermen.
- Japan’s Economy, Trade and Industry Minister mentioned ...
FACTORIES AND OFFICES IN JAPAN TO MADATORILY RECYCLE THEIR PLASTIC MATERIALS FROM 2022
Highlights –
- Factories and offices in Japan to mandatorily recycle their plastic materials from 2022.
- In 2018 around 8.91 million tons of plastic were generated in Japan.
- An expert panel from the Japanese government endorsed the propo...
JAPAN AND THE UNITED STATES OF AMERICA TO STEP UP WITH R&D TO RECYCLE CARBON DIOXIDE
Highlights –
- Japan and the United States of America to step up with R&D to recycle carbon dioxide.
- Both the countries have agreed to cooperate to find the technology for the same.
- The countries wish to turn CO2 into fuel and chemi...
INDUSTRIAL OUTPUT ROSE FOR THE MONTH OF AUGUST IN JAPAN
Highlights –
- Industrial output rose for the month of August in Japan.
- The value rose to 1.7 percent in the reporting month.
- The seasonally adjusted index of production at factories and mines stood at 88.7.
- The index for ind...