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Latest Jiji Press Stories

2008-06-26 18:02:53

Tokyo, June 26 (Jiji Press)--Tokyo Electric Power Co. said Thursday the company will overhaul its electricity rate structure in the autumn to adequately reflect surging fuel costs stemming from higher crude oil prices, a move expected to lead to a steep rate hike in January. The company will report the revised rate-setting guidelines to the government in July and use them when it revises rates in January next year. For the period until the end of this year, the company will consider...

2008-06-24 18:02:19

Tokyo, June 24 (Jiji Press)--KDDI Corp. said Tuesday it will start providing a domestic telegram service through a subsidiary in July. KDDI said it plans to provide high-quality telegrams for special occasions, the potentially most demanded segment, for 3,150 yen to 4,200 yen, about 20 pct to 30 pct cheaper than those of Nippon Telegraph and Telephone Corp. , which dominates the Japanese telegram market with a share of over 90 pct. Through a tie-up with transport firm Nippon Express Co....

2008-06-20 18:00:34

Tokyo, June 20 (Jiji Press)--Japan's Economy, Trade and Industry Minister Akira Amari indicated Friday that Teikoku Oil Co. and Nippon Oil Corp. would be the prime candidates to participate in joint natural gas development projects with China. The government will select companies that have reliable exploration technologies, Amari said at a press conference. He made the remarks after Japan and China earlier this week reached an agreement on joint natural gas development in disputed waters...

2008-06-20 18:00:11

Tokyo, June 20 (Jiji Press)--The number of individuals holding shares listed on Japan's Jasdaq Securities Exchange in fiscal 2007 dropped for the first time on record, Jasdaq said Friday. In the year, which ended in March, individual investors shunned the market following the U.S. subprime mortgage debacle, the stock exchange said in a report. The number of individual shareholders at the end of March decreased 140,000 from a year earlier to 3,282,000, the first decline since the exchange...

2008-06-19 18:00:31

Tokyo, June 19 (Jiji Press)--Mitsubishi Heavy Industries Ltd. said Thursday it has received orders for blast-furnace-gas fired gas turbine-cycle power generation plants from China and South Korea. The value of the orders was not made public. The orders are for a 150-megawatt plant for the Shougang Group's Qian'an Iron and Steel Works based in the Chinese province of Hebei, and for two 142-megawatt plants for POSCO Power Corp.'s Gwangyang Works based in the South Korean city of...

2008-06-19 18:00:11

Tokyo, June 19 (Jiji Press)--The Digital Business Consortium, an association of 46 major Japanese newspaper publishers, and major adverting agency Dentsu Inc. said Thursday they will set up a joint venture to operate a Web site to sell regional products. The two sides have cooperated in operating the Web site since it was experimentally launched in April 2007. The new firm, 47CLUB Inc., expects to establish its foothold in the growing online shopping business and aims to more than...

2008-06-18 18:00:27

Tokyo, June 18 (Jiji Press)--Unionized workers of Japan Airlines' domestic flight crews went on strike Wednesday to protest planned pay cuts, likely forcing as many as 38 flights to be canceled Thursday. The strike comes as talks between two labor unions and JAL management broke down over the struggling airline's plan to reduce basic salaries and allowances by a uniform 5 pct. Of the two unions, the 600-member Japan Airlines Domestic Pilot Union is slated to continue the strike through...

2008-06-16 18:00:34

Tokyo, June 16 (Jiji Press)--Sakhalin Energy, the operator of the Sakhalin II oil and gas development project in Russia, has signed a 5.3-billion-dollar project financing deal with a syndicate of banks led by the government-backed Japan Bank for International Cooperation. Japanese trading houses Mitsui & Co. and Mitsubishi Corp. , both of which hold interests in the energy developer, are due to guarantee the loans along with other shareholders in line with the size of their stakes,...

2008-06-16 18:00:29

Tokyo, June 16 (Jiji Press)--Some manufacturing plants remained closed in northern Japan Monday following Saturday's powerful earthquake. Workers continued facility checkups at Fujitsu Microelectronics Ltd., based in Kanegasaki, Iwate Prefecture, after it was partially damaged by the quake. The Fujitsu Ltd. unit expects to take a few days before completing the checkups. A magnetic head plant in Kurihara, Miyagi Prefecture, owned by Sony Chemical & Information Device Corp., was also...

2007-05-30 18:00:19

Tokyo, May 30 (Jiji Press)--Department store operator Mitsukoshi Ltd. said Wednesday it will set up an online shopping site on a web portal site operated by All About Inc., targeting customers aged 50 or above. Though the site, Mitsukoshi will offer online shopping services for senior citizens, featuring gift items for such occasions as the birth of a grandchild, Mitsukoshi said. Mitsukoshi and All About will consider jointly developing new products to be sold through the site in the...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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