Tag Archives: japan

Business/Economics, International, Technology, U.S.

Oil & Gas Prices: U.S. gas reserves up. Iran allows private sector oil sales. OPEC says there is too much oil!

May 10, 2012, Iran announced the discovery of a huge oil field in the Caspian Sea.  The discovery was made while exploring a huge new gas field.

The gas field was discovered in December, and named the Sardar-e Jangal field.  It’s estimated to contain 50 trillion cubic feet of natural gas.

May 9, 2012, Iran’s Oil Ministry is now allowing the private sector to sell up to 400,000 bpd to international customers.

The decision leaves the National Iranian Oil Company, as well as the Iranian central bank, out of any oil sales involving private sector companies. This means those private sector companies can avoid the U.S./European oil sanctions.

Despite U.S. led sanctions against Iranian oil, Turkey (a NATO member) actually increased oil shipments from Iran.

According to the Turkish Statistical Institute, Turkey imported 270,000 bpd of Iranian oil in March. That’s more than double their February imports!

May 10, 2012, officials from OPEC (Organization of the Petroleum Exporting Countries) members are reporting that there is too much oil in the world markets!

OPEC reported that in April they pumped out 31.62 million barrels per day (bpd). According to Reuters, that’s 1.62 million bpd more than what OPEC intended.

Keep in mind that OPEC does not represent all oil producing countries in the world. Reuters reports that even non-OPEC members increased oil production in April!

However, OPEC, and the U.S. Energy Information Administration (EIA), expect demand for oil to increase, especially since Japan has shut down all its nuclear reactors.

The U.S. EIA also reporting that natural gas supplies increased in the United States.  For the week ending May 4, U.S. natural gas storage is at 2.606 trillion cubic feet.  That’s 44.5% above the five year average. However, analysts expected it to be more!

 

 

 

 

 

 

International

One Year Later: Tornadoes slam Japan, blame weird weather

May 6, 2012, Tornadoes hit the Kanto region of Japan.

At least one person was killed, 52 injured and 900 homes destroyed.

Japan’s National Defense Academy says the tornadoes were the result of highly unstable conditions, caused when sunny, warm air clashed with a cold air mass.

Officials are warning that such unstable conditions are expected to increase!

Fukushima

One Year Later: Last Nuclear Reactor shut down in Japan

05 May 2012, on the northern big island of Hokkaido, Japan’s last operating nuclear reactor is being shut down.

By Saturday night (Japan time), and after 42 years, the country will be free of electricity produced by nuclear reactors.

The Hokkaido Electric Power Company is shutting down Reactor 3 of the Tomari Nuclear Power Plant.  The reactor will be completely shut down by 02:00 hours Sunday morning.

While the Tomari reactor is not scheduled for re-start, those that are have been blocked by local governments.  In Japan the local governments have the final word on reactor re-start, and because of the on going disaster reactors at Fukushima Daiichi, the majority of people in Japan are against re-starting any reactors.

For the summer of 2011 Japan’s domestic industries suffered greatly because of an electrical power shortage, even with 37 reactors operating.  Now Japan is heading into summer 2012, with not one nuclear reactor up and running.  National officials are scrambling to find ways to convince the local governments to re-start reactors.

There has been a push for wind power, but, just like here in the United States, there’s been a backlash of people who are against it because those windmills are “eyesores” and reduce property value.

Business/Economics, Idaho, International, Technology, U.S.

Economic Recovery? Idaho’s Micron Technology invades Japan! Micron on the offensive!

May 4, 2012, Japanese media reporting that failed Elpida Memory has chosen Idaho’s Micron Technology as its corporate savior.

According to NHK: “Elpida is Japan’s sole DRAM memory chip maker. It filed for bankruptcy protection in February after suffering losses stemming from the strong yen and intense foreign competition.”

But here’s the irony; Idaho’s Micron is also having revenue trouble.  Idaho media, real estate web sites, etc, have been reporting Micron as the Boise area’s largest employers.  But Micron’s employment in Boise dropped to 5,000 in 2009, and has been trickling down ever since.

Micron has had a lot of investors, yet their quarterly reports for 2011 were loss after loss (in the hundreds of millions each quarter).  This is because the memory chip market basically crashed.

However, since the beginning of 2012 Micron officials have been busy buying up other factories, and now companies.  Micron recently took over a Toshiba owned factory in Virginia, called Dominion Semiconductor.

Here’s what the Wall Street Journal’s Market Watch said: “The current state of the memory-production business is looking like the hotel business, where various facilities are bought and sold like trading cards from company to company.”

One reason for that is that memory chips have become a dime a dozen (actually less) and there’s no brand loyalty among chip users.

Micron officials seem to have scouted the next wave of memory innovation correctly, they are now pushing their RealSSD (Solid State Drive) and computer companies are buying it up.

On May 4, 2012, Elpida officials chose Micron, out of three bidders, to take over their company.  It’s reported that it will cost Micron $2.5 billion USD.  The take over will be finalized at the end of May, and new company plan submitted to Tokyo District Court by August.

Originally Micron offered $1.9 billion for Elpida, but Elpida shareholders threatened legal action.

 

 

International

World War 3: Japan scrambles record number of interceptors in 2011

Japan’s Air Self Defense Force announced that Fiscal Year 2011 was a record setting year for intercepts of foreign military aircraft entering Japan’s air space.

425 Japanese fighters were scrambled (usually F-15 Eagles), which is 39 more than 2010.

247 intercept missions were against Russian aircraft.  156 missions against Chinese aircraft.

The JASDF says Russia and China have greatly increased their military reconnaissance flights around Japan.  JASDF also pointed out that such intercept missions dropped sharply when the Cold War ended (officially in 1991), but have seen an even sharper increase since 2005.

Japan’s fiscal year ends in March.

Influenza

War on Terror shifts to War on Flu. Politicians opposed were removed before votes were cast! New law says who will get help and who won’t!

April 27, 2012, Japan’s Diet (parliament) has passed a bill that allows near martial law like conditions in response to a major epidemic.

The Japanese government can now set up a special task force to deal with an outbreak of unusually virulent influenza.  A state of emergency can be declared if the epidemic threatens the economy.

The special task force can decide who will be given priority for medical help! Education can be suspended, and public gatherings and events restricted.

Something else to be concerned about, this law was passed only because all those politicians that opposed it were not present in the parliament, including members of the Liberal Democratic Party.

Japanese media says the law passed with a majority of the votes, but that’s a given when all those opposed were not present.

The committee that debated the bill warned that provisions should be added that protected individual liberties, and that the special task force should be required to heed the advise of medical experts.

Note: Japan is part of the Trilateral Commission (Europe, North America, Japan/Asia)

Business/Economics, International

What Economic Recovery? Postal Service to be fully privatized

April 27, 2012, Japan’s House of Councillors passed a bill that would merge the country’s two postal service providers into one privatized corporation.

There is already a 2005 law that requires the Japanese government to give up all financial control of their postal system by September 2017.

This new bill, a resolution to the 2005 law, drops the deadline date, but also allows the new privatized single postal service to begin operations without government approval.

There is opposition to the privatization of Japan’s postal service.  When the 2005 law was passed it was done by dissolving Japan’s House of Representatives, most of whom were opposed to privatization.  In other words it was passed by unfairly eliminating the governmental opposition.

To try and counter the 2005 law, a new law was passed that froze any further sale of government held Japan Post stock.  However, this new law overrides that and the current government says they will use the money to pay for post March 11, 2011, disaster reconstruction (which indicates the government is broke).

Note: Japan is part of the Trilateral Commission (Europe, North America, Japan/Asia)

Fukushima

One Year Later: Proof that being a refugee will kill you, more than 1600 people die in Japan. Money does not help!

More than a year after the March 11, 2011, earthquake/tsunami and nuclear disaster, 1,618 people have died.

Japan’s Reconstruction Agency announced on April 27, 2012, that living as refugees was the cause of their deaths.

Most had lost their homes and were living in makeshift housing. The Agency determined that extremely stressful and unhealthy conditions causes people to die. Some people died because they needed medical treatment, but were unable to get help.

Deaths occurred in nine prefectures. So far Fukushima leads the list with 764 deaths, followed by 636 in Miyagi and 179 in Iwate.

The Reconstruction Agency started tracking refugees only because of the money that was given out for disaster relief. Turns out the money did little to make life better for the refugees.

Note: Japan is part of the Trilateral Commission (Europe, North America, Japan/Asia)

Business/Economics, International, Technology, U.S.

What Economic Recovery? Nintendo suffers first loss ever in 30 years!

April 26, 2012, Kyoto-based video game maker Nintendo reported its first ever loss.

Nintendo officials say they lost $530 million USD in fiscal year 2011.  Japan’s fiscal year ends in March.

2011 sales crashed 36%.  However, total sales was still about $7.9 billion USD.

Company officials blame the sales crash on the high asking price for their 3DS system.  They dropped the price in August, hoping to increase sales.  By dropping the price they ended up cutting their profits.

Today’s reported loss is the first loss for Nintendo since 1981!

Nintendo has a new game system that will be for sale in Europe, North America and Japan, before December 2012.

 

Fukushima

One Year Later: Radiation contaminated fish found in Japanese rivers!

In a town 180 kilometers (111.8 miles) from the Fukushima Daiichi Nuclear plant, which continues to spew radiation, fish in a major river are contaminated with Cesium.

Silver crucian carp caught in the Tone River contain 110 becquerels of radioactive cesium per kilogram.  The new official safe limit is 100 becquerels.

This is not the first time contaminated animals have been caught in the river.  Last month shellfish were also found to be contaminated.

Chiba prefectural officials are asking all commercial fisherman not to sell any fish caught in the river.  People are warned not to eat anything from the river.

ONE YEAR LATER: SOME FUKUSHIMA FARM ANIMALS WILL BE ALLOWED TO LIVE

FUKUSHIMA TO EUTHANIZE ABANDONED LIVESTOCK AND PETS!

ONE YEAR LATER: MORE RADIOACTIVE SHROOMS, SHOOTS & BEEF