Archive for the ‘ Japan ’ Category

Japan resume nuclear power activities today

On Tuesday of this week, Japan will begin restarting its nuclear power programme, officials said, after a two-year shutdown sparked by public fears following the Fukushima crisis.

The restart comes more than four years after a quake-sparked tsunami triggered meltdowns at the Fukushima plant, prompting the shutdown of Japan’s stable of reactors in the world’s worst atomic crisis in a generation.

Resource-poor Japan, which once relied on nuclear power for a quarter of its electricity, restarted two reactors temporarily to feed its needs, according to deVere Group sources. However, they both went offline by September 2013, making it completely nuclear-free for about two years.

Japan has ushered in tougher safety rules to avoid a repeat of Fukushima, including more backup prevention measures and higher tsunami-blocking walls in areas most susceptible to them.

The government of Prime Minister Shinzo Abe is keen to get some of about four dozen reactors back up and running. So are the power companies that own them, fed up with having to make up lost generating capacity with pricey fossil fuels.

“It is important for the country’s energy policy that the government go ahead with reactor restarts once they are confirmed as safe,” top government spokesman Yoshihide Suga told reporters Monday.
“The biggest priority is safety.”

The reactor No. 1 at the Sendai nuclear plant, nearly 1,000 kilometres (620 miles) southwest of Tokyo, has been loaded with atomic fuel. Its operator announced Monday the reactor would be switched on by 10:30 am (0130 GMT) Tuesday.

deVere Group is the world’s leading independent financial consultancy offering various financial services such as retirement planning, education planning and private pension guidance.

IMF tells  Japan needs to bring back Abenomics – 

Japan is on the receiving end of a warning from the International Monetary Fund (IMF) about the risk of slow growth, stagflation and a new round of turmoil in financial markets. The IMF has urged Japan to “reload” its Abenomics reforms to prevent this from happening.  Currently the Bank of Japan  quantive easing ¥80 trillion ($712 billion)  the same as the  GDP of the Netherlands , an extra 10 Trillion  in my option would weaken the yen by 5/7% and the Nikkei rise by 9/11%…

According to the Financial Times, IMF economists have said that Japan is seeing a modest recovery at the moment and that there would be annual growth of 0.8% by the end of the year, followed by 1.2% in 2016. However, the economy is fragile, the report states. 

This is because imperative structural reforms required to bring the economy out of its slow growth and back on track have stalled and it comes at a time when Japan’s public debts were expected to hit 250% of GDP over the next five years. 

The Bank of Japan has also been told that it needs to be ready to ease monetary policy further and do a better job of communicating its intentions to markets as inflation – which they forecast would hit 0.7% this year – continued to rise more slowly than expected towards the central bank’s 2% target. 

Overall the IMF offered a sobering assessment of Prime Minister Shinzo Abe’s efforts to revive the Japanese economy, arguing that his reforms were failing to deliver as promised. 

  

Tokyo named safest city in the world

I was just reading the Economist’s Intelligence Unit that has released the ranking of the safest major cities in the world, and Tokyo comes out on top.

Of course for anyone that lives here understands and appreciates this .

There was different factors that came into account of the rankings .

•Digital security — This measures the quality of a city’s cybersecurity, the frequency of identity theft, and other factors related to digital security.

•Health security — This metric looks at average life expectancy of a city’s citizens as well as the ratio of hospital beds to the size of the population.

•Infrastructure — This looks at factors like the quality of roads and the number of people who die from natural disasters.

•Personal safety — This category looks at more traditional safety measures like crime, the level of police engagement, and the number of violent crimes.

The rankings were :

1. Tokyo
2. Singapore
3. Osaka
4. Stockholm
5. Amsterdam
6. Sydney
7. Zurich
8. Toronto
9. Melbourne
10. New York

If you like to work in the safest city drop us a email

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Japan recession worse than initially thought

Japan recession worse than initially thought

Japan’s economic recession was worse than initially believed, according to a revised estimate calculated by the country’s Cabinet Office.

Initial estimates read that gross domestic product had dropped at an annualised rate of 1.6% between July and September, as a by-result of big cuts in companies’ inventories and falls in private investment.

Newly-revised estimates show that GDP actually slipped 1.9% with a contraction in spending by business twice as severe as first thought.

The news is sure to come as a big blow to Prime Minister Shinzo Abe who returned to power in December 2012 under the promise of overturning more than a decade of deflation. Abe only called a snap-election last month in the hope of resetting the clock on a four-year electoral cycle, arguing that his mix of policies – known as Abenomics – is “the only way” for Japan to return to steady growth.

However, analysts said that confirmation of another technical recession for Japan – its fourth since the Lehman crisis – is unlikely to affect the outcome of the poll on December 14th, the announcement of which caught the DPJ and other parties on the hop.

Estimates by the nation’s biggest newspapers suggest that the ruling Liberal Democratic party will retain its strong grip in power, potentially extending the two-thirds majority in Japan’s lower house of parliament it enjoys with its coalition partner, Komeito.

Japan back in recession

Japan back in recession


A rise in consumer taxes in April has translated into Japan falling into recession, according to reports by the Financial Times.

Data for the quarter between July and September is showing that performance during the period was considerably worse than expected. Expectations of a 2.2% growth were shattered, seeing a 1.6% contraction instead.

As a result, it is now almost a certainty that Prime Minister Shinzo Abe will postpone any plans for further increases while appealing for a fresh mandate via a snap election.

The biggest contributor to this decline was the huge cut in firms’ inventories. On its own, this saw 0.6% shaved off of the headline gross domestic product figure. Had there been no change in the inventories, there would have been quarter-on-quarter growth of 0.2%.

Looking at data on household consumption and capital spending, it is clear that the tax-increase in April, from 5% to 8% have taken a toll. Since that implementation, Japan’s recovery has been “very, very slow”, said Kazuhiko Ogata, chief economist at Credit Agricole in Tokyo.

The latest declines come after a contraction of 7.3%, meaning that Japan is now back in a technical recession. This is the fourth since the Lehman crisis.

What a lot of people don’t realise is that the Bank of Japan Governor Kuruda has already placed huge amount of liquidity into the market place in anticipation of this . Looking forward I can see higher growth towards the end of the year , with the BOJ liquidity into the market place and also the Japanese Pension Fund divesting from JPY yen assets for more international asset we will see the effect of this at the end of this year .

 


Why donate to charity ? “We make a living by what we get, but we make a life by what we give

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People have been asking me why I donate to charity , so here is my answers :

1. How and why did you get involved with the event?

I have always taken an active, hands-on approach to charitable work and fundraising. A friend of mine mentioned that there was to be a high-end event here in Tokyo which aimed to raise funds for and awareness of cancer research – and on that basis alone I was in. I later discovered that the charity event that I had agreed to sponsor was the Executive Fight Night (EFN). This was a huge bonus for me as I’ve long been a keen supporter of white collar boxing.
Following the incredible success of this first event, I vowed to increase my support of and involvement with the next. I did this by becoming a Gold Sponsor of Executive Fight Night II. It was an event that not only raised ¥7.8 million – an amount used by Refugees International Japan to help an astonishing 3,500 stateless people – but one that proved to be one of the hottest tickets on the Tokyo social calendar, and certainly one of the best-attended and most exciting evenings in the Japanese capital this year.
Now, for the third edition, I’ve taken my involvement up another level becoming the Platinum Sponsor. The Tony Evans & deVere Group Executive Fight Night takes place at The Grand Hyatt Hotel on Friday 8th November.

2.What’s in it for you?

Primarily, this is a way for me and for the deVere Group to give something back to society by supporting proactive, life-enhancing causes that make a positive impact in the lives of people less fortune than ourselves.
The deVere Group and I are dedicated to using our time, skills and resources to making a real quantifiable difference wherever and whenever we can; compassion is what makes us human I believe. The Tony Evans & deVere Group Executive Fight Night is an example of this commitment. I think Churchill voiced this shared sentiment best when he said, “We make a living by what we get, but we make a life by what we give.”
In addition, the Executive Fight Nights are a fantastic way to bring together many individuals of differing backgrounds in a fun, high-octane environment.

3. What do you contribute to the event/fighters?

The short answer is ‘whatever it takes’, whether this means providing financial support, ideas, contacts, promotion, or securing tables full of lively guests who create an exciting atmosphere. I believe the liveliest and noisiest – and also the most generous – part of the room at the last EFN was probably those four tables where my guests were seated!
Also, I know a few of the fighters personally, so positive encouragement is always given to them too.

Tony Evans

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The magic words to make Nikkei BOOM !

This did make me laugh !

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The five things you MUST see in Tokyo

The five things you MUST see in Tokyo.

Yen drops to 3 ½ year low against the euro

Yen drops to 3 ½ year low against the euro.

The yen reached the weakest level in almost four years against the euro, sliding against all 16 of its major peers as the Federal Reserve unexpectedly retained its bond-buying monetary policy.

Japan’s currency slid against all 16 of its major peers after a central-bank policy maker said pressure may mount to expand stimulus. The dollar fluttered against the euro after falling to a seven-month low as Fed policy makers maintained monthly bond purchases at $85 billion. Malaysia’s ringgit surged the most since 1998 and India’s rupee advanced. The pound weakened after an unexpected fall in UK retail sales.

The yen dropped 1.6% to 134.56 per euro in late afternoon trading in New York, after touching the weakest since November 12, 2009. The Japanese currency slid 1.5% to 99.45 per dollar after appreciating to 97.76 yesterday, the strongest level since August 29. The US currency slipped 0.1% to $1.3530 per euro after reaching $1.3569, the weakest since February 7.

The MSCI Asia Pacific Index of shares advanced 1.7%, while the Stoxx Europe 600 Index gained 0.6%. The Standard & Poor’s 500 Index slipped 0.2%.

In the carry trade, investors borrow in low-interest-rate currencies to buy higher-yielding assets. Japan’s benchmark rate is virtually zero.
The Malaysian ringgit climbed 2.4% to 3.1565 per dollar after gaining 2.8%, the biggest intraday advance since September 1998. India’s rupee surged 2.5% to 61.7750 versus the US currency.

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Tokyo man in line for new apple 10 days before launch !

Tokyo Man Already In Line For New Apple iPhone 5S

Apple’s sleek new iPhone 5C and the iPhone 5S won’t be available for purchase until September 20th, but one man isn’t taking any chances. He’s already standing in line to purchase the new 5S, a full ten days before it’s for sale.

As Kotaku reports, a Tokyo man has staked out a spot in front of Tokyo’s Apple store in order to be first in line when the phones are released to the public. Kotaku translated the tweets of Twitter user @Xxxprius who tweeted, “I went ahead and got the first place in line.”

The determined consumer is camped out in Tokyo’s swanky Ginza shopping district with all the trappings of a purchase-driven sit-in including folding chair and table, umbrella, cooler and an iPad and iPhone to live tweet the experience. While he may have some creature comforts with him, he knows the remaining nine days may be difficult. “I’m lined up at the Ginza Apple Store where the new iPhone 5S launches in ten days,” @Xxxprius said in one tweet, according to Kotaku. “This might be tough.”

Those consumers who would like to purchase either the 5C or 5S, but are unwilling to camp out for the privilege, can preorder the new iPhone 5C beginning Sept. 13th; the iPhone 5S will be available in store (as will the 5C) and for order on Sept. 20.

Queues for the new iPhone 5S and 5C have started in the UK, with the first diehard Apple fans spotted outside the company’s flagship London store on Regent Street.

The iPhone 5C can currently be pre-ordered from Apple’s own website, but the 5S won’t be released until 20 September, two days after Apple launched the IOS 7, the latest update of the company’s mobile operating system.
One American fan began queuing outside the Apple store in New York on September 6, four days before the new phones had even been unveiled.

In Japan, one particular businessman has been queueing since September 12, telling reporters that he had used his annual leave to get the first handset in the country, and that he was using social media to connect with his fans.

Although these extra-early birds might seem like victims of consumer hysteria, many of them have their hearts in the right place. Last year, before the launch of the iPhone 5, the first two fans outside London’s Regent Street Apple store used the media attention they received to raise awareness for a thrift shop that gave all its proceeds to charity.

Apple fans in London start queuing for the iPhone 5S and 5C three days ahead of launch

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