Takata chairman apologizes to shareholders over recall woes
TOKYO - Takata Corp. Chairman Shigehisa Takada apologized Tuesday to shareholders amid a global recall of its potentially faulty air bag inflators.
At a shareholders' meeting held in Tokyo, Takata's management explained how it would deal with the recall crisis, which is expected to saddle the Japanese auto parts maker with massive costs.
Dollar stays firm in lower 102 yen zone despite Brexit fallout
TOKYO - The U.S. dollar stayed firm in the lower 102 yen range Tuesday morning in Tokyo on expectations that the Bank of Japan may implement further monetary easing to address fallout from Britain's decision to leave the European Union.
At noon, the dollar fetched 102.05-06 yen compared with 101.96-102.06 yen in New York and 102.01-03 yen in Tokyo at 5 p.m. Monday.
Japan Airlines pilot arrested for hitting policeman, flight cancelled
TOKYO - A Japan Airlines copilot was arrested Monday for hitting a policeman in central Japan, resulting in cancelation of a morning flight he was due to board the following day, the airline said.
Soichi Tatsumi, 42, was quoted as saying by the police that he does not remember clearly as he was drunk. JAL is also checking if he was complying with the airline's internal rules about preflight drinking.
Japanese sushi chef for late N. Korean leader returns from Pyongyang
BEIJING - A Japanese sushi chef who had worked for North Korean leader Kim Jong Un's late father for more than a decade returned Tuesday from his trip to Pyongyang, without disclosing if he had met with Kim this time.
Before leaving for North Korea a month ago, the chef, known by the alias Kenji Fujimoto, who had dinner with Kim for about three hours in mid-April in Pyongyang, said that he would again meet with the leader.
Power outage halts some facilities at Fukushima nuclear power plant
TOKYO - The operator of the disaster-hit Fukushima Daiichi nuclear power plant said Tuesday that some facilities have stopped operating due to a power outage, but noted that no problems have been detected in reactor cooling operations.
The affected facilities include some of the cooling equipment for an underground ice wall, which is being set up around the buildings housing the Nos. 1 to 4 reactors to block groundwater from seeping into them and being contaminated with radioactive substances.
Tokyo stocks falls in choppy trading as Brexit fallout remains
TOKYO - Tokyo stocks slipped in choppy trading Tuesday morning, with the Nikkei index briefly falling below the 15,000 line, as Britain's vote to leave the European Union continued to sour investor sentiment.
The 225-issue Nikkei Stock Average shed 50.19 points, or 0.33 percent, from Monday to 15,259.02. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 6.85 points, or 0.56 percent, to 1,218.91.
N. Korean Scud missile can reach U.S. naval base in Japan: report
SEOUL - North Korea's extended-range Scud missiles are capable of reaching the U.S. naval base in Yokosuka, Japan, a Seoul daily reported Tuesday.
"We previously assumed the Scud-ER, a modified version of the Scud-C, could fly about 700 kilometers. But our joint assessment with U.S. intelligence indicates that it can fly more than 1,000 km," a senior South Korean military official told the JoongAng Ilbo.
Japan's key bond yield hits record-low 0.220% in morning
TOKYO - The yield on the benchmark 10-year Japanese government bond hit a record low of minus 0.220 percent Tuesday morning as investors bought the safe-haven asset amid a risk-off mood following Britain's vote to leave the European Union.
The yield on the No. 343, 0.1 percent issue, the main yardstick of long-term interest rates, ended morning interdealer trading 0.020 percentage point lower from Monday's close.
Abe calls for G-7 cooperation to stabilize market after "Brexit"
TOKYO - Japanese Prime Minister Shinzo Abe said Tuesday that the government will continue to closely cooperate with other Group of Seven countries to minimize the impact on markets after Britain voted last week to leave the European Union.
"It is important for the G-7 advanced countries to join forces and keep sending the message to the market that we will make utmost efforts to stabilize the financial market," Abe told a meeting of the Council on Economic and Fiscal Policy.
More countries expected to adopt stronger rules on tax avoidance
TOKYO - Global efforts to tackle corporate tax avoidance are likely to accelerate at a meeting this week in Kyoto, with more countries expected to adopt a set of international rules introduced last year.
The two-day meeting starting Thursday by the Organization for Economic Cooperation and Development's Committee on Fiscal Affairs will take place as the issue of tax havens has come under the global spotlight following the so-called Panama Papers scandal.
Japan, U.S. affirm coordination over Brexit, maritime security
WASHINGTON - Japan and the United States affirmed close coordination Monday over last week's historic decision by British voters to leave the European Union, a move that has sparked global economic uncertainty and doubts about European unity.
Speaking to reporters after talks with U.S. Deputy Secretary of State Antony Blinken in Washington, Japanese Vice Foreign Minister Shinsuke Sugiyama said the two countries also agreed to cooperate in ensuring maritime security ahead of a ruling by an international court on the South China Sea.
U.S. stocks continue downswings after Brexit vote
NEW YORK - U.S. stocks continued to tumble Monday, with the Dow Jones index hitting a new three-month low, in the wake of Britain's vote last week to leave the European Union.
The Dow Jones Industrial Average of 30 blue chips ended down 260.51 points to 17,140.24 after temporarily dropping more than 330 points. The main market barometer last Friday plunged 610.32 points, its largest fall since August 2011.
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