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Latest Jiji Press Stories

2008-08-23 18:00:25

Tokyo, Aug. 23 (Jiji Press)--Major Japanese steelmakers including Nippon Steel Corp. and JFE Steel Corp. are considering joining forces to purchase overseas iron ore mining rights to cope with the raw material's soaring prices, informed sources said Saturday. Also seen to join the move, intended to share massive purchasing costs and secure stable supply of iron ore, are steelmakers Sumitomo Metal Industries Ltd. and Kobe Steel Ltd. and major Japanese trader Itochu Corp. . The Japanese...

2008-08-21 18:00:47

Tokyo, Aug. 21 (Jiji Press)--Tokyo Gas Co. , Tohoku Electric Power Co. and Japan Petroleum Exploration Co. are considering acquiring gas service operations of the city of Sendai, it was learned Thursday. The acquisition price of the city's gas bureau, which is to be privatized in 2010, is estimated to reach some 60 billion yen. If realized, the deal would be the largest privatization of a public gas service provider in Japan in value. The northern Japan city is set to solicit bidders...

2008-08-21 18:00:25

Tokyo, Aug. 21 (Jiji Press)--Japan Airlines said Thursday it will raise fuel surcharges on its international airfares by 500 to 5,000 yen for one-way tickets to be issued on and after Oct. 1. The margin of the hike would have been a maximum of 16,000 yen if the current fuel price uptrend is taken into account. But JAL decided to curb the surcharge increase so as not to scare off customers, company officials said. All Nippon Airways announced a similar fuel surcharge hike on Monday.END...

2008-08-21 18:00:25

Tokyo, Aug. 21 (Jiji Press)--The number of cybercrime arrests in Japan in January-June rose 21.2 pct from a year earlier to 2,192, a first-half record, the National Police Agency said Thursday. Police across Japan accepted 38,506 cases of consultations related to cybercrimes in the period, up 16.5 pct, the agency said. An increase in Internet users may have subjected more people to crimes, the agency said. Of cybercrimes, the number of frauds via the Internet including money swindles in...

2008-08-20 18:00:41

Tokyo, Aug. 20 (Jiji Press)--Crude steel output in Japan rose 1.7 pct from a year before to 10,189,300 tons in July, gaining ground for the 26th straight month, the Japan Iron and Steel Federation said Wednesday. Output from steel converters increased 1.3 pct to 7,676,000 tons, also the 26th consecutive gain. Production at electric furnaces expanded 2.9 pct to 2,513,300 tons, growing for two months in a row.END (c) 2008 Jiji Press English News Service. Provided by ProQuest LLC. All...

2008-08-20 18:00:41

Tokyo, Aug. 20 (Jiji Press)--Crude steel output in Japan rose 1.7 pct from a year earlier to 10,189,300 tons in July, marking the 26th straight year-on-year increase, the Japan Iron and Steel Federation said Wednesday. The production figure represented a record high for the month of July, according to the federation. The increase reflected robust exports to Asia and brisk demand from Japanese automakers and shipbuilders, federation officials said. Production of ordinary steel grew 0.6...

2008-08-19 21:00:16

Tokyo, Aug. 19 (Jiji Press)--Police on Tuesday arrested a former employee of Fuji Xerox Co. for allegedly embezzling some 2,100 personal computers worth 437 million yen. Held by the Metropolitan Police Department of Tokyo was Katsutoshi Masago, 41, who had been in charge of marketing at Fuji Xerox, a unit of Fujifilm Holdings Corp. . Masago is believed to have pretended the PCs were ordered by customers. He allegedly embezzled the PCs in June 2007 after they were purchased through a...

2008-08-13 15:00:55

Tokyo, Aug. 12 (Jiji Press)--Modec Inc. shares surged on the Tokyo Stock Exchange Tuesday thanks to the firm's announcement of a large oil production system contract. The issue remained buoyant above 3,200 yen in the afternoon session after rising to as high as 3,350 yen, or 8.4 pct, in the morning. Modec said Monday that it will supply a floating production, storage and offloading, or FPSO, system capable of processing more than 120,000 barrels of oil per day to Tullow Ghana Ltd., an...

2008-08-13 15:00:45

Tokyo, Aug. 12 (Jiji Press)--Furukawa Electric Co. said Tuesday that it had skipped required quality tests for some copper sheets and pipes manufactured between October 2007 and July this year. The major Japanese electric cable maker failed to comply with mandatory testing procedures for the copper products, which totaled 2,301 tons, specified in the Japanese Industrial Standards. The products, worth 2,530 million in sales, were all manufactured at its plant in Amagasaki in the western...

2008-08-13 15:00:24

Tokyo, Aug. 12 (Jiji Press)--Internet Initiative Japan Inc. said Tuesday that its group operating profit for April-June plunged 40.5 pct from a year earlier to 411 million yen due to operating losses at newly established subsidiaries. Net profit tumbled 70.4 pct to 169 million yen because of the lack of proceeds from sales of securities that the Internet service provider booked in the same period of last year. Sales rose 19.2 pct to 16,328 million yen thanks to growth of corporate...


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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