Japan

Japan extends sanctions against North Korea

Tokyo - Japan extended sanctions against North Korea Friday, banning port calls of North Korean-registered vessels and all imports of goods from the country for another six months, local media reported.

The sanctions, which were to expire on Monday, were extended due to the lack of progress in North Korea's denuclearization and the lack of resolution over its abductions of Japanese nationals in the 1970s and 1980s, Kyodo news agency reported.

Approved by the Cabinet on Friday morning, Japan will also continue to deny entry to all North Korean nationals, except for those who are residents of Japan, and prohibit the export of luxury goods to North Korea.

Yamato Life first Japanese financial firm to fail after US crisis

Yamato Life Insurance CoTokyo - Yamato Life Insurance Co became the first Japanese financial firm Friday to fail due to losses linked to the global financial crisis, a media report said.

The medium-sized firm filed for bankruptcy protection Friday in Tokyo, reported Kyodo news agency.

The insurance firm incurred debts of 269.5 billion yen (2.68 billion dollars) from losses from investments in subprime mortgages-related bonds and other securities as their prices plunged amid the US financial crisis, the officials said.

Smoke at Japan nuclear plant but no leakage

Tokyo - A solid waste disposal facility was Friday emitting smoke at a nuclear power station in Tokai, Ibaraki province, but no radioactive leakage, injuries or environmental damage have been repor

Tokyo markets continue descent; Nikkei plunges below 9,000

Japan-Stock-Market.jpgTokyo - Stocks in Tokyo continued their downward course on Friday, with the Nikkei plunging below the psychologically significant mark of 9,000 points, for the first time in more than five years.

Minutes after trading started, the benchmark Nikkei 225 Stock Average fell 279.20 points, or 3.05 per cent, to 8,878.29.

This was a reaction to US stocks plummeting again on Thursday, with the Dow Jones Industrial Average dropping below 9,000 points for the first time in five years, as a series of US and global efforts to tackle the financial crisis have failed to calm investors.

Japan's Nikkei closes at five-year low

Japan's Nikkei closes at five-year lowTokyo - Japan's benchmark Nikkei 225 Stock Average gave up early gains Thursday to end at a five-year low as concerns lingered over the global financial crisis.

The key Nikkei index fell 45.83 points, or 0.5 per cent, to close at 9,157.49.

But the broader Topix index of all first-section issues went up 6.1 points, or 0.68 per cent, to 905.11, a day after nine central banks lowered interest rates.

The Bank of Japan injected a record 4 trillion yen (39.8 billion dollars) into the money markets Thursday amid escalating concerns over the financial crisis.

Car blind spots are now officially history

London, October 9: Japanese scientists have found a way to make solid features in cars like dashboard and doors "disappear" from the driver''s point of view without modifying them in any way, thereby making road hazards clearly visible.

The "transparent cockpit" system, as the researchers call it, has been developed in the lab of Susumu Tachi, an electrical engineer at the University of Tokyo.

This system involves a pair of stereo cameras mounted on the passenger-side wing mirror that capture scenery usually hidden from the driver by the dashboard and the solid parts of doors, says Tachi.

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