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Threatening, active faults found off Boso

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Two previously unknown active faults were found off the Boso Peninsula in Chiba Prefecture, with one researcher warning that a jolt in the two faults at the same time could trigger an earthquake of magnitude 8 to 9. The two faults, one at least 160 km long and the other more than 300 km, were found on the floor of the Pacific Ocean around 100 to 200 km southeast of the southern tip of the peninsula, according to a group of researchers. (Japan Times)

Prison for Japan executive in US price fix case

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A Japanese businessman has been sentenced to a year in prison and fined $20,000 for his role in scheme to fix the prices of heater control panels installed in US cars, officials in Washington said Monday. Businessman Norihiro Imai pleaded guilty at a federal court in Detroit, Michigan, to one felony charge of conspiracy for hatching a plan to rig bids and fix prices for heater control panels sold to customers in the United States and elsewhere. (AFP)

The yen's looming day of reckoning

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Japan is on an unsustainable path of a strong yen and deflation. The unprofitability of Japan's major exporters and emerging trade deficits suggest that the end of this path is in sight. The transition from a strong to weak yen will likely be abrupt, involving a sudden and big devaluation of 30% to 40%. (MarketWatch)

Horse racing: Japan enters 7 strong runners for the world's richest horse

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Trust the Japanese to do things in style in their own very special way especially when something devastating hits them. This year, 'Team Japan' has seven horses running in the Group 1 Dubai World Cup meeting. Transcend, the six-year-old son of Wild Rush, is currently the most well-known of the group, having completed the 1-2 line up of Japan in the world's richest race last year. (khaleejtimes.com)

Citibank Japan to appoint SMFG director as president

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Citibank Japan is set to appoint Sumitomo Mitsui Financial Group Inc director Kazuya Jono as its new president, the Nikkei business daily reported on Tuesday. The Citigroup Inc unit hopes to rebuild its operations in Japan under the new 57 year-old chief, after receiving its third administrative penalty from Japan's financial watchdog at the end of last year, the paper said. (Reuters)

Japan signals support for US World Bank pick

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Japan's finance minister on Tuesday signalled Tokyo's willingness to support Jim Yong Kim, the US nominee for the next World Bank chief, a report said. "I think it is quite possible to consider (supporting Kim) if the United States requests us to recommend him," Finance Minister Jun Azumi said, according to Kyodo News. Azumi, however, added that Tokyo had not made a final decision on the matter. (AFP)

AIJ president admits falsifying reports

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The head of a Tokyo asset manager alleged to have lost $1.3 billion in client money admitted wrongdoing for the first time on Tuesday, adding that the company had falsified the investment performance of its funds to hide trading losses. In his first public appearance since the scandal came to light in February, Kazuhiko Asakawa, a former broker heading AIJ Investment Advisors Co., apologized and denied any intention to dupe his clients, saying the company did not siphon off client money into its own pockets. (MarketWatch)

Japan goes off script at nuclear summit to slam North Korea

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Japan steered off the agenda at a nuclear security summit on Tuesday to hit out at North Korea's plans for a rocket launch next month, as U.S. President Barack Obama cautioned against complacency in dealing with the threat of nuclear terrorism. A communique issued at the end of the two-day meeting of more than 50 world leaders in Seoul was light on specifics on how to reduce the risk of atomic materials falling into bad hands, loosely calling for all vulnerable material to be secured in four years. (Reuters)

Rights group welcomes Japan's pause in executions, calls for abolition

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Amnesty International on Tuesday welcomed the absence of any executions in Japan during 2011 but remains concerned that some 130 people are still on death row. The human rights group noted in its annual report on the death penalty that Japan's two justice ministers in 2011 -- Satsuki Eda and Hideo Hiraoka -- did not sign any death warrants during their tenure, the first time this has happened in 19 years. (Mainichi)

Japan sends classic paintings, pop idols AKB48 to Washington

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Japan is presenting to the United States highlights of its culture both old and new, with a rare exhibition of elaborate centuries-old nature scrolls and performances by a top-selling pop band. Japan is seeking to make the most of the 100th anniversary of Washington's cherry blossom trees, which were initially a gift from Tokyo and have turned into one of the U.S. capital's most popular tourist draws. (Japan Today)

Pandas confirmed to have mated at Tokyo's Ueno Zoo

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Tokyo's Ueno Zoo said Monday it has confirmed that two giant pandas kept at the zoo have mated, while deciding to suspend showing them to the public until Tuesday to observe their condition. The zoo said it confirmed the male panda Ri Ri and the female panda Shin Shin had mated at an outdoor enclosure after Shin Shin showed signs of excitement in a matchmaking meeting on Sunday. (Mainichi)

Japan to test facial, other biometric identification for immigration

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A panel of experts Monday recommended that the Justice Ministry test facial, iris and hand vein identification systems to help simplify Japan's airport immigration procedures. Immigration officers now identify most travelers by comparing their faces with facial photos on their passports. While automatic fingerprint recognition gates have been set up at four airports for Japanese travelers, their use is limited as they require fingerprint preregistration. (Mainichi)

Nikkei surges more than 2%, ends at highest level since March quake

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The Nikkei index surged more than 2 percent Tuesday to end at its highest level since the earthquake on March 11 last year, on hopes of a steady U.S. economic recovery fueled by U.S. Federal Reserve Chairman Ben Bernanke's remarks suggesting a continuation of accommodative money policy. (Mainichi)

Alison Nemoto: Still in the gloom

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English teacher Alison Nemoto has lost her home and job but continues to live on the fringes of the exclusion zone in Fukushima. She has lived in a town near the Fukushima Daiichi Nuclear Power Plant for more then 20 years, with her husband and three children. (papersky.jp)

Magnitude 6.3 earthquake hits northeast Japan, no damage

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A magnitude 6.3 earthquake hit northeastern Japan on Tuesday, the U.S. Geological Survey (USGS) said, but there were no reports of damages or casualties and a tsunami warning was not issued. The quake, which shook buildings in the capital, Tokyo, struck off the northeast coast of the main island of Honshu at a depth of 20.5 miles (32 km), the USGS said. (Reuters)

Google Street View gears up for Japan's tourist season

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Just in time for Japan's cherry blossom season, one of the biggest tourist events of the year, Google has produced a Street View guide to show you around. The special Cherry Blossom Season Edition provides some of the best locations to enjoy the sights, with beautiful pictures from last year's blossoms. The guide looks at several of the big attractions in Japan, providing details on shops and restaurants in each area. (ZDNet)

US panel presses Japan on child abductions

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A US congressional panel on Tuesday advanced a bill that would punish nations for not addressing child abductions, putting pressure on Japan which has never returned a child to foreign parents. The House foreign affairs subcommittee on human rights approved a bill that would pave the way to call off cultural or scientific exchanges or deny export licenses to countries that do not promptly seek to resolve abduction cases. (AFP)

Japan to promote EV charging method

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The government reaffirmed Monday it will cooperate with the private sector to ensure CHAdeMo--the nation's method of rapid recharging for electric vehicles--becomes the main international standard. However, U.S. and German automakers are simultaneously aiming to make their "Combo" method the international standard. (Yomiuri)

Foxconn gets Japan foothold with stake in Sharp

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In another sign of Chinese manufacturing's ascent as Japan struggles, the Taiwanese giant Foxconn will become the largest shareholder in Sharp, a former exemplar of Japan's electronics empire that has lately fallen on hard times. Besides giving Sharp a much needed injection of money, the Foxconn deal, announced here Tuesday, will aim to help the Japanese company restore profitability to its TV manufacturing and liquid crystal display businesses. (New York Times)

International drilling expedition to probe Japanese fault zone

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The scientific drilling ship Chikyu will set sail on April 1 on an ambitious expedition to drill into the fault that caused the devastating Tohoku earthquake and tsunami in March 2011. Emily Brodsky, a professor of Earth and planetary sciences at the University of California, Santa Cruz, has been planning for this project since 2008, when she helped organize an international workshop on "rapid response drilling." (physorg.com)
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